If Any Party has taken VAT and CST by depositing Rs. 25000 as VAT Delosit and Rs. 10000 as VAT Security and Rs.10000 as CST Security in March. 2017 and has migrated in GST.
At the end of 30.06.2017 this party has been taken carried forword all Rs. 45000 as credit..
Than will he get credit of this Rs. 45000 under gst???
OR
he has to ask for refund in June. 2017 VAT Return..???
Please guide me....
5 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 01 August 2017
25000/- can be carry forwarded and 20000/ can be demanded from vat department
ronak Coolboy
(3 Points)
Replied 01 August 2017
i have candle manufacturing business
my question is:
i have purchased wax under gst rate of 18percent.and the rate of gst on candle is 12 percent .production cost is coming 9 rs and i want my margin of 5rs.what will be my the actual cost of product.raw material is wax of 60rs before gst..n rate of gst on wax is 18 percent
my question is:
i have purchased wax under gst rate of 18percent.and the rate of gst on candle is 12 percent .production cost is coming 9 rs and i want my margin of 5rs.what will be my the actual cost of product.raw material is wax of 60rs before gst..n rate of gst on wax is 18 percent
Hardik Shah
(Tax Consultant)
(85 Points)
Replied 04 August 2017
Sir, For Rs. 20000/- ( Security of 10000 for VAT and 10000 for CST) should i wait for 3 years to complete or i cam get refund now???
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 04 August 2017
no vat department have started giving back to dealers in gujarat pls. contact the your vat department
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