I have an query regarding CST and VAT(Tamil nadu), Well i buy goods from seller with paid VAT tax with regard to that while i sale the same product to the customer i need to pay Full VAT again or i need to pay difference amount only.
And another thing while i sale goods to other state i charge CST and paid to sales tax well i get any refunds from that paid tax without C Form.
29 March 2012
You will have to pay collect full amount of VAT/CST but you can get input tax credit of the tax paid on purchase. When you sale the goods to outside state, you can set off of the VAt paid while purchasing the goods against such CST liability. But if you have paid CST while purchasing the goods then nop set off will be allowed, you will have to pay full amount of tax on sale without any set off.
CAclubindia
