can i take vat purchase as set off agst cst sales
Set off
(Guest)
2 Replies
Venkateswarlu
(CA Final)
(51 Points)
Replied 12 June 2012
no, set off only against vat sales. Because vat relates to state where as cst relates to central govt.,
divesh
(PROPRIETOR)
(64 Points)
Replied 02 August 2012
yes u can claimed vat paid ( purchase withing maharashtra ) against cst payable (oms sales ).
u can't claimed set-off of cst paid on purchase out of maharashtra against cst payable on oms sale as while purchasing goods from other state, u r passing taxes to that other state & not to maharashtra state & hence, maharashtra vat rules don't give u the credit of the cst paid while purchasing from other state.
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