VAT Provisions

This query is : Resolved

Jigar (Querist)
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16 October 2008 My Father is purchasing goods through OMS through register delare and paying CST. but he sales the goods with Maharashtra. Can he take set off of CST against VAT payable.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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17 October 2008 The discussion regarding the set-off of Vat liability from Input credit of CST paid is discussed several times in our forum:

As discussed and understood earlier from our esteemed colleagues, i report as follows:

a) Input credit for CST paid can be utilised against Vat Liability after utilising Vat credit,if any.

b) Input credit for VAT/CST paid cant be utilised against CST Liability.

CA Bosu babu

CA Bosu babu (Expert)
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22 October 2008 no way ra

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Hiral Raja

Hiral Raja (Expert)
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15 November 2008 Input tax credit is not available on CST paid on purchases against VAT payable at all. The logic behind the same is that CST has been recieved by the state from where the goods have been sold and not the state in which the goods are recieved and hence such a set off is not possible at all.