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Vat

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2012 If we are purchase good on (Retail Invoice) and sales good to other state (Retail Invoice) so can we take a benefit of tax..??

Purchase
Good 10000/- + Vat 4% 400 =10400/-

Sales
Good 20000/- + Cst 4% 400 = 20800/-
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aadish

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aadish (Expert)
20 December 2012 For payment of CST ,VAT credit can be utilised, but for payment of VAT, cst credit cannot be utilised bcz there is nothing Like CST credit.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
24 December 2012 i agree with aadish
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