Vat cst adjustement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2012
Dear All
My company is a manufacturing company purchase goods locally (State of Bihar) (by paying Vat on Purchase), and after processing the same is sold out of state with CST Liability and my full sale is CST sale, so can I adjust CST with VAT input on Local Purchase and pay the balance amount ……..if not how can I adjust my Vat Input standing in books of accounts ……
My company is a manufacturing company purchase goods locally (State of Bihar) (by paying Vat on Purchase), and after processing the same is sold out of state with CST Liability and my full sale is CST sale, so can I adjust CST with VAT input on Local Purchase and pay the balance amount ……..if not how can I adjust my Vat Input standing in books of accounts ……
28 March 2012
VAT & CST CANNOT be set off with each other.
Input VAT can only be set off against output VAT (payable on sale WITHIN the state).
Input VAT can only be set off against output VAT (payable on sale WITHIN the state).
04 April 2012
In maharashtra state Input Vat is adjusted against CST Liability. For Bihar state go thru Bihas state website.
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