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Whether VAT input can be adjusted with CST liability

6688 views 11 replies

Rajesh Kumar Das

CA Job

25 Points Joined March 2007

Hi,

Can any one clarify that,

whether the input of VAT in Jharkhand can be adjusted with the CST liability of a company registered in Jharkhand.

Pls help with notification / Rule / Sections (if any)

Rajesh

Replies (11)

jketan_18

13 Points Joined May 2007

Yes u can take dat credit this shud b specfied somewhere under the rules made under ur state vat tax (manner of payment section)

Mukesh Mandowara

29 Points Joined April 2007

yes you can adjust

guptank13

Chartered Accountants

14 Points Joined March 2007

CST Liability can be adjusted against VAT Input

kbckbcd

CA Practice

22 Points Joined May 2007

You can adjust Input vat with CST liability Refer Return Form JVAT 200 COLUMN 41(A) IT IS CLEARLY WRITTEN that you can adjust the same You can refer me for further clarification

kbckbcd

CA Practice

22 Points Joined May 2007

kbckbcd @ yahoo.com Cell 09871301336

Guest

440430 Points Joined August 2012

VAT INPUT CAN NOT BE ADJUSTED AGAINST CST LIABILITY

jamalappa

Chartered Accountants

16 Points Joined May 2007

Yes, VAT INput credit can b utilized for the discharge of CST liability under respective state. One need to note that all indirect taxes are consumption based taxes, if the unit which is subjected to tax i.e. Sales Tax, Service Tax, CST is not consumed within that state / contry then such unit is outside the tax net.

Sethil

16 Points Joined March 2007

as per tn vat input credit (local purchase only) can be adjusted with cst sales provided the sales shll be effected to a registered dealer in the other state.(which indicate he has to submit c form for claiming input credit) this is the rule of tamil nadu.

Ajoy Shah

Service

68 Points Joined March 2007

Input of Vat is Adjustable with the CST Liability. but Credit of CST is not Adjustable with Input of Vat.Ex input vat paid by me Rs.500 Cst liability is Rs600 we required to pay Rs.100.But in Case reverse it is not available.