Set off of CST liability against Input VAT Credit

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2010 Hi!
Can you please explain with a documentary proof that whether excess input vat credit can be utilized for the payment of CST liability.

Thanks

K Bala Kishan

K Bala Kishan (Expert)
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29 July 2010 Hi boss,

You are talking to which state act.

As per APVAT Act, you can adjust cST liability against excess input tax credit.
below is the act/rule given for your informaiton.
Under APVAT Rules 35(7): which reads;
A VAT dealer making sale of goods in the course of inter-state trade or commerce falling under Section 3 of the Central Sales Tax Act, 1956 may adjust any excess credit available under the Act against any tax payable under the Central Sales Tax Act, 1956 for the same tax period.

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2010 Hi Bala!
Can you please tell the treatment for set off of input vat against cst liability in the same manner for Himachal Pradesh, Rajasthan and Karnataka.

Thanks
Ashish Agarwal

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K Bala Kishan

K Bala Kishan (Expert)
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29 July 2010 We have to go through the respective states VAT Act to know whether such setoff of cst payable against excess input tax is available or not. For Andhra Pradesh and Himachal Pradesh such set off is available. But for Rajasthan and Karnataka, i will let u know.

Thanks
bye
balu

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2010 Hi!
Can you please give me some documentary proof regarding Himachal Pradesh and also for Karnataka and Rajasthan.

Bi
Thanks!

Ashish Agarwal

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2010 Hi!
Can you please give me some documentary proof regarding Himachal Pradesh and also for Karnataka and Rajasthan.

Bi
Thanks!

Ashish Agarwal