can a dealer claim set off of VAT paid on local purchases against his CST liability on account of OMS sales (vat paid on raw material used for manufacture of goods sold outside the state)??
thanks in advance
Meet Mody (Student) (112 Points)
10 February 2013can a dealer claim set off of VAT paid on local purchases against his CST liability on account of OMS sales (vat paid on raw material used for manufacture of goods sold outside the state)??
thanks in advance
CA Gaurav Ajit Potdar
(Chartered Accountant)
(846 Points)
Replied 10 February 2013
Yes dealer can claim setoff of VAT paid on local purchases against its CST liability
Sonu Kumar
(Account Manager)
(665 Points)
Replied 11 February 2013
Yes You Can Setoff from CST Payble