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vat-cst set off

SAI KRISHNA GHANTASALA (JOB) (202 Points)

26 August 2009

hai all

i would like to know whether input credit on cst purchases can be setoff against vat payable on local sales

Krishna and eswar

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4 Replies

Radhika Hariharan (CA) (210 Points)
Replied 26 August 2009

No input credit on CST cannot be set off against local VAT payment

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Prashant (Ast. Manager) (33 Points)
Replied 27 August 2009

Hi,

I am a trader in Thane, Maharashtra.

I am likely to buy some excisable building materials from Haryana on CST @ 4% or CST @ 2% against form "C".

When I resell the same in Maharashtra, what MVAT should I charge to my buyer? 4% MVAT or 12.5% MVAT or else?

Please revert.

Thanks & best regards,

Prashant

Kushal Talati (Senior Auditor) (22 Points)
Replied 16 September 2009

hiiii friend....

i would like to know that whether CST on sales of outside state set off against VAT RECEIVABLE on local transection because i know that CST on purchase of outside state must be added in purchase so pls friends tell me that can CST on Sales setoff against VAT or not ??

pls reply me on my mail id i.e. kushalp_007 @ yahoo.com

Thanks in advance

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 17 December 2010

Originally posted by : Prashant
	Hi, I am a trader in Thane, Maharashtra. I am likely to buy some excisable building materials from Haryana on CST @ 4% or CST @ 2% against form "C". When I resell the same in Maharashtra, what MVAT should I charge to my buyer? 4% MVAT or 12.5% MVAT or else? Please revert. Thanks & best regards, Prashant