Hi
I does not know about the KVAT Concept please can any one help me send notes about KVAT Concept
Thanks
Shashikant
shashikant (Employed ) (170 Points)
29 May 2013Hi
I does not know about the KVAT Concept please can any one help me send notes about KVAT Concept
Thanks
Shashikant
r.jayakumar
(Accountant)
(30 Points)
Replied 30 May 2013
hi,
we have purchased trading ( resale ) materials in tamilnadu and we have paid input vat @ 14.5. and there is no vat sales , but we have completely made cst sales @ 2% against C form. can we adjust the input vat credit in cst output tax. or can we seperately claim for the refund of input vat credit.
e.g. input vat credit @ 14.5 - rs. 15000 and cst @ 2% - rs. 107000.
can we adjust the input vat credit and we pay cst amount rs. 107000 - rs. 15000 = rs. 92000.
can any body help on this subject.
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