30 September 2010
If any person make a purchase of goods at 12.5%(VAT) and sales outside Delhi at 2% CST then how can he recovers rest 10.5% (if he don't wont to take Refund)?
I am agree with Mr. Bhagat & Mr. Arora's suggestion. both you can do but as per experiance wit you have quantam turnover o like this then advoid transit sale bcoz in resent all state going to reject the all transit sales.
it is better that u purchase on VAT and sale 2% againt C form and balance excess vat claim as a refund or adjust with another qtr liabilty.
CAclubindia
