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Vat adjustment

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(Querist)
10 October 2012 We have sold some material to my customer with 12.5% Vat in previous quarter, in the current quarter party have returned the same material to us & we have no local sale on this qtr, can we adjust vat of goods return to CST.
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Prakash Kochar

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Prakash Kochar (Expert)
11 October 2012 Under Maharashtra VAT Act. excess ITC can be adjusted against liability under CST return.

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