Delhi VAT

This query is : Resolved

vikas garg (Querist)
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30 September 2010 If any person make a purchase of goods at 12.5%(VAT) and sales outside Delhi at 2% CST then how can he recovers rest 10.5% (if he don't wont to take Refund)?

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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30 September 2010 just make the transit sale, directly to outside state.

VINOD ARORA

VINOD ARORA (Expert)
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01 October 2010 In case 2% offset is made against CST liability, then remaining 10.5% may be offset against other local sale of goods.

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manish soni

manish soni (Expert)
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01 October 2010 Hi Vikas

I am agree with Mr. Bhagat & Mr. Arora's suggestion. both you can do but as per experiance wit you have quantam turnover o like this then advoid transit sale bcoz in resent all state going to reject the all transit sales.

it is better that u purchase on VAT and sale 2% againt C form and balance excess vat claim as a refund or adjust with another qtr liabilty.

Thanks & Regards