09 August 2009
I want to Know sir/s in Gujarat VAT 1) Can we take Credit of VAT & CST both ? 2) or We have to Deposit which I have Collected CST from Sales A/c 3) That Person only taker of CST he/she don't give CST to anyone. 4) If 1st ans is will be taken so How can we do the Calculation of it ? pls send me any file on my emil ID related to this Query my Email ID is murtaza_bhagat786@rediffmail.com Thanks for your advise in Advance
Guest
Guest
(Expert)
10 August 2009
CST paid on import of goods is not eligible for input tax credit. However, local VAT credit can be used for CST charged on export of goods.
Export of goods outside the teritorry of India is subject to CST/VAT.
11 August 2009
Pls tell me sir while give Retail invoice to Inter state sales who has no TIN no. Do we have to take that amount of VAT as Output tax or only Tax invoice sales are output tax ? Pls guide me in this matter thanks in advance