Regarding adjustment of cst payable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2013 I am a registered dealer in Gujarat, I have VAT payable in a month, but in the same month i have ogs sales, on which i have collected CST, i want to know whether i adjust the CST payable with VAT payable and pay collective as VAT?
please reply asap
Thanking you

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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03 July 2013 Yes CST and VAT returns are filed together and paid collectively. These two taxes are mutually adjustable,except,CST paid on purchases is not eligible to be claimed as input credit either against CST or VAT. .....mjk

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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05 August 2013 CST act is of Central Government and VAT is of State Governemtn. Collection of CST has to be deposited and it canot be adjusted. CST can be adjusted only against CST and VAT can be adjusted only against VAT

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