11 September 2012
Hi, We will be buying stock from Haryana against "C" form for our Ghaziabad (U.P.) sales office. CST appliable on this transcation is 2%. We will be selling entire stock charging 5% VAT in Uttar Pradesh. Is there 5% VAT loss (input/output) to our company while selling this stock at 5% VAT in UP?
12 September 2012
you can not take 2% tax input of CST purchase. as advice by expert you have to pay/deposit 5% to vat/state dept. of your state what you have charged to your customer
CAclubindia
