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vat & Cst

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(Querist)
24 August 2009 can Vat & CST be set off with each other ?
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CA Ravi Kumar Murugesh

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CA Ravi Kumar Murugesh (Expert)
25 August 2009 no, you can not set off VAT and CST.
Even you can not claim cst paid on inter state sales as input tax credit .
You should pay VAT separately (after adjusting input tax credit) and CST separately.

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