27 April 2013
I am doing audit of a manufacturing concern in Goa. The concern manufactures excisable goods and takes credit of CENVAT (input excise and input service tax)
In case of Vat it is taking credit of local input Vat but I saw that incase of interstate sales it is paying the CST collected as it is without taking credit of input CST.(Input CST is added to purchase figure) Note: It is filing the both VAT & CST returns. Is this Correct? Is there any Section in Goa VAT Act which is prescribing this treatment?
CAclubindia
