Dear Sir,
Please consider following scenarios:
1) Manufacturing company pays 2% CST on Raw Materials. Can it adjust against VAT payable on finished goods within state sales?
2) Manufacturing company pays 2% CST on Raw Materials. Can it adjust against CST payable on finished goods sales outside the state?
3) If a company has head office in New Delhi and has branch in Gujarat & Uttar Pradesh. Goods are purchased from Gujarat and Sold in Uttar Pradesh. Is it correct that we have to pay 5% VAT in Gujarat and 5% VAT in Uttar Pradesh. Total = 10%?
4) If a trading company pays VAT on purchasing goods and then makes an inter-state sale using a C-Form. Can 2% CST be setoff by 5%Vat which means only 3% has to be paid in the end?
CAclubindia
