28 October 2013
Dear All experts, My query regarding M-vat return. Our client is register delar as per M-vat Act. Last month we are purchase interstate. Party charged Cst as 5% it is local vat rate. So my problem regarding vat return. Can i shown Net amount & vat amount in interstate purchases or in local purchase.
28 October 2013
You are not suppose to claim any input tax credit on C S T. The total tax amount and frieght is therefore added/taken as the cost of purchases.
You shall compulsorily show the total value of Inter State Purchases in the field "Purhcases without 'C' Form". And you cannot show it in local purchase as it is not a local purchase.
29 October 2013
Thanks for your valuable feedback sir. But in M-vat return 231 there are only two options in vat returns regarding interstate purchase 1) Interstate purchase (excluding purchases against h form
2)purchase taxable goods (either local or interstate against form H"
no any option regarding " purchase without c form"
So can i shown total amount of interstate purchases in 1 option & then demanding to c form in our local vat authorities.
Ex. Interstate value vat 5% cst2% Total 2000 100/- 2100/- 3000 60/- 3060/
as above example we are demanding c form for only 2nd example.
CAclubindia
