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VAT Input Credit Adjustment against CST Liability

Page no : 2

tushar (student) (21 Points)
Replied 21 February 2016

What will happen to tax paid on purchases in this example:- 

Purchase - 100000

Tax paid - 5000

Interstate sale made - 120000(100000+20000)

C.S.T.- 2400 (2%)

Itc adjusted - 5000-2400

Itc remaining- 2600

Now whawhat will happen to this excess tax paid by me..???



Deepak sharma (Learner) (1431 Points)
Replied 22 February 2016

 

Remaining ITC either you can forward to Next Period Or you can claim for Refund from VAT Authority !

Originally posted by : tushar
What will happen to tax paid on purchases in this example:- Purchase - 100000Tax paid - 5000Interstate sale made - 120000(100000+20000)C.S.T.- 2400 (2%)Itc adjusted - 5000-2400Itc remaining- 2600Now whawhat will happen to this excess tax paid by me..???

 


manoj (accountant) (21 Points)
Replied 24 February 2016

Dear sir,

please clearly vat ouput & vat input transcation and cst input & cst out put transcation with example and what we can adjustment with vat into cst input or output value or not.please give a simple example.

 


ABHISHEK KHANDELWAL (accountant ) (21 Points)
Replied 26 July 2016

Dear Sir can i adjust excess cst paid to balance vat payable

ASHUTOSH PANDEY (Asst.Manager Accounts) (63 Points)
Replied 17 December 2016

i am purchaseing capital goods from outside state & within state against tax invoice.

which tax credit available for me to take credit of vat payment.

 

 

regards

ashutosh




modassar akhtar (senior article assistant)   (23 Points)
Replied 17 April 2017

whether credit of cst can be taken against the output cst on inter state sale...???


ashish (M.Com) (238 Points)
Replied 19 April 2017

Dear Expert,

Pleaes Give me Urgent Reply

Q: Feb'17 We sales at Delhi @ 5%Tax (2500.00) and then in March'17 Goods Return so my Question 

1> in March Month our CST Tax Amount :500.00  so i adj above tax amount against Means My Closing 2000.00 

2> in April CST Tax @ 5% 1500.00 and my openning 2000.00 means 500 Credit till aviable

 

but in Form 3b how to show openning 


sumit gupta (aarticle) (23 Points)
Replied 03 July 2017

CAN WE ADJUST INPUT TAX CREDIT OF CST PURCHASE WITH OUTPUT CST PAYABLE?????

 


Raja Sekhar R (42 Points)
Replied 08 July 2017

The invoice raised CST @ 14.5 %, that the CST Tax Amt, we can take the input as VAT @ 14.5, So please clear my doubt 


MAHESH ME (3 Points)
Replied 24 December 2018

can vat payable of Jun17 can be settoffed againt gst input of july ?

 





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