Urd input tax- karnataka vat

Others 1981 views 1 replies

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?

Replies (1)

VAT INPUT CREDIT CAN WE ADJUST AGAINST URD PURCHASES


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