Sir,
I am a registered dealer under KVAT. I purchase goods from Unregistered dealer and pay URD tax @ 5%. I have interstate sales which is chargeable @ 2% CST. can I set off the tax paid on URD purchases against CST collected?
URD Purchases Rs 100 Tax paid on URD Rs 5
CST Sales Rs 110 CST Collected Rs 2.20
Can I claim the refund of Rs 2.80?
Urd input tax- karnataka vat
Prasanna (Articled Assistant) (119 Points)
24 July 2012