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Vat & cst set off
Purchase @ GUJ VAT 5% & Sales @ CST 5% in MH OR Purchase @ CST 2%from MH and sales in MH at CST 5%- Which out of these is more preferable
Replies (1)
We can prefer the first option because
1. Guj VAT input credit available - 2% ( after reversing input tax credit of 3%)
2. CST output - 5% (2% of VAT credit can be adjusted against the same)
Total tax will be 3% reversal @ purchases + 3% CST @ sales (Please consider the amounts since sales & purchase value may be different)
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