Sir,
I am a registered dealer under KVAT. I purchase goods from Unregistered dealer and pay URD tax @ 5%. I have interstate sales which is chargeable @ 2% CST. can I set off the tax paid on URD purchases against CST collected?
URD Purchases Rs 100 Tax paid on URD Rs 5
CST Sales Rs 110 CST Collected Rs 2.20
Can I claim the refund of Rs 2.80?
Menu
Urd input tax- karnataka vat
Replies (1)
VAT INPUT CREDIT CAN WE ADJUST AGAINST URD PURCHASES
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
