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
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Whether VAT input can be adjusted with CST liability
Replies (11)
Yes u can take dat credit
this shud b specfied somewhere under the rules made under ur state vat tax
(manner of payment section)
yes you can adjust
CST Liability can be adjusted against VAT Input
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 @ yahoo.com
Cell 09871301336
VAT INPUT CAN NOT BE ADJUSTED AGAINST CST LIABILITY
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.
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.
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.
Plz send any notification Or Ruling of vat Act
Can I get any notification or circular or any rule for this utilisation
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