16 February 2010
we are a vat lubricating oil dealer in chandigarh.we are making local vat purchase. we make local sale as well as interstate sale.we have excess input tax for this month. i want to know whether we can adjust excess input against vat payable & cst payable for this month.Is cst payable amt adjustable against input tax in vat act chd or whether we can adjusted only output tax & have to pay total cst amount.
CAclubindia
