22 May 2008
Can CST payable be adjusted against Input VAT while making monthly returns under Karnataka VAT ? For example a dealer who buys locally and sells entire goods outside the state. In such a case can he use Input VAT on local purchases against CST payable ?
02 June 2009
if there is no tax liability of VAT and VAT input credit remains unadjusted, it can be set off with CST payable to the extent of avilable credit.