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Input credit on cst sales

This query is : Resolved 

25 January 2013 Dear Sir/madam

If i purchased goods from local (with in the State) with VAT paid, and sold it the same to other state dealer who are unregistered (not under Form C). can i claim input VAT Credit?

for example:
_____________________________Value_____Tax
Purchased(local)_____________1000______VAT 125
Sales(inter state@12.5%)_____1200______CST 150

How much i liable to pay tax?

25 January 2013 VAT paid on purchase is Local tax and what ever you sold to outside state and charged is CST. cannot set off both

30 January 2013 Thank you sir,

My cost is 1125 and my sale value is 1200.. So my Profit only 75/-

'm i correct sir?

Incase i sold @2% against "C" Form, i can adjust full VAT input credit on CST.

Is there any logic behind it...?
please clear me...




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