Input VAT Credit

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Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2009 Dear all,
Cant we take credit of Input VAT against Output CST?plz. advice at the ealiest.Thanks.

haridhayalan

haridhayalan (Expert)
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30 November 2009 as per my knowledge input credit facility is given within the state transaction only.

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2009 Thanks a lot.

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Vishnu Saboo

Vishnu Saboo (Expert)
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01 December 2009 if you are asking for whether input credit of VAT can be adjust against CST payable liablity or not.
As per Gujarat VAT,Yes you can, but first you have to set of your VAT liability and after that if input remains, you can set off this against CST also.
you must see your state law,before go ahead on any opinion.