10 December 2008
My question is whether the CST is adjusted agst VAT or not suppose we buy goods on 4% & 12.5% and sell them at CST@2% agst form 'c' Then the sales tax we collect from debtors and the VAT paid on it. Is the both can be adjusted with each other or not
And Secondly the Form 'c' when & where to be submitted and if we want to issue 'c' form then from where i can get the Form "C"
10 December 2008
purchase tax is adjusted against cst sales but cst purchases are not adjusted against state sales c form are issued in each quarter for single buyers that is you will get one c form for a single party in the quarter
CAclubindia
