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VAT / CST Credit.

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(Querist)
12 May 2011 Dear Sir,
we are regd dealer (VAT & CST) in Gujarat. Suppose, in a month, CST is payable (due to more OGS Sales), can VAT ITC taken on local purchase be set off agst CST payable ?
thanks
anckoora
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
12 May 2011 Yes it can be adjusted

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