Set of of CST 12.5% with CST 3%

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mahendra (Querist)
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21 November 2008 For calculating Tax liability in Form 704 (Maharashtra) can we take set of between CST 12.5% (Unregistered dealer) with CST 3% (registered dealer).

Thanks in Advance.

Thanks & Regards.
Mahendra

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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22 November 2008 no if you are collect tax at the rate of 12.5% then it is your liability to paay the tax cst tax will not be setoff to other cst it is only set off against vat for cst sales only