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Vat

shashikant (Employed ) (170 Points)

29 May 2013

I does not know about the KVAT Concept please can any one help me send notes about KVAT Concept

Thanks

Shashikant

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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.