Hello Guyzz....I have an problem..as i m engaged in business of ceramics and marbles in mumbai "MUMBAI".
I purchased goods from manufacturer of product in which i dealt in "GUJARAT" against "C". I paid cst @ 2% on total amount(Incl.of Excise Duty). Now i sale such goods in mumbai and collect vat @ 12.5% from buyer.
Now i have to fill vat return . Can i avail credit of cst @ 2% against vat 12.5%.
Suggest please.
no credit of CST is allowed
NO Credit of CST.
thanks....
Sir can you suggest me whether i have to fill vat return quarterly or half yearly.
@ Deepak
If you are a Registered Dealer than you can Check ypu vat return frequency on Mahavat websited after Login. Go to www.mahavat.gov.in
CAclubindia
