Hi all,
I have a query, please suggest with reference of sections.
My company has purchase hardware from 2 vendors. one is registered dealer and charged dvat of Rs 3200 and other is not registered dealer and has not charged vat or cst.
now my company has sold those hardwares to a party in other state and charged cst Rs 3400.
Can we claim input credit of DVAT paid to vendor against CST. Now, CST is payble Rs 200 or anything else?
hii,
the cst payable is 200 only.
the cst and the vat taxes goes to state government.and since the vat credit given by state governementand the payable tax(cst ) is also to state overnment,we can setoff the vat credit with the cst payable.
CAclubindia
