Regarding adjustment of cst payable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2013
I am a registered dealer in Gujarat, I have VAT payable in a month, but in the same month i have ogs sales, on which i have collected CST, i want to know whether i adjust the CST payable with VAT payable and pay collective as VAT?
please reply asap
Thanking you
please reply asap
Thanking you
03 July 2013
Yes CST and VAT returns are filed together and paid collectively. These two taxes are mutually adjustable,except,CST paid on purchases is not eligible to be claimed as input credit either against CST or VAT. .....mjk
05 August 2013
CST act is of Central Government and VAT is of State Governemtn. Collection of CST has to be deposited and it canot be adjusted. CST can be adjusted only against CST and VAT can be adjusted only against VAT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
