HI
If we purchase goods at the rate of VAT 12.5% and take credit of the same. Now my question is if we do CST sale of those goods whether we want to reverse the credit fully / 12.5-2=10.5% / no need to reverse any credit. Please clarify
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VAT Credit - impact after CST Sale
Replies (8)
Hello,
Kindly mention for which State this VAT related. Because, VAT procedure having some chnges from State to State.
If, you mention the State, the experts can guide you properly.
If so it difffers for state to state can help for Tamilnadu, delhi, mumbai,karnataka, kolkata. if I could get the reply by COB today It will help me alot
In my opinion, if u sale goods to out of state after taken input credit, there is no need to reverse input credit but ensure that it should not stock trf.
hi Anoop thanks for your input
incase we do stk transfer after taking input credtit it should be reversed am I correct.
Does this work out of
whether the opinion what u gave is applicable for all thestates
yes u will have to reverse input tax in case of stock trf. out against F form.
If we make both Central as well Local Purchase then make ST Trf , Local Sales As well as Central Sales then what is the imppact on input credit calculation
Dear Sir I want ask a question
What is impact of vat on cst ?
Please help me
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