tushar
(student)
(21 Points)
Replied 21 February 2016
What will happen to tax paid on purchases in this example:-
Purchase - 100000
Tax paid - 5000
Interstate sale made - 120000(100000+20000)
C.S.T.- 2400 (2%)
Itc adjusted - 5000-2400
Itc remaining- 2600
Now whawhat will happen to this excess tax paid by me..???
Deepak sharma
(Learner)
(1431 Points)
Replied 22 February 2016
Remaining ITC either you can forward to Next Period Or you can claim for Refund from VAT Authority !
| Originally posted by : tushar | ||
 |
What will happen to tax paid on purchases in this example:- Purchase - 100000Tax paid - 5000Interstate sale made - 120000(100000+20000)C.S.T.- 2400 (2%)Itc adjusted - 5000-2400Itc remaining- 2600Now whawhat will happen to this excess tax paid by me..??? |  |
manoj
(accountant)
(21 Points)
Replied 24 February 2016
Dear sir,
please clearly vat ouput & vat input transcation and cst input & cst out put transcation with example and what we can adjustment with vat into cst input or output value or not.please give a simple example.
ABHISHEK KHANDELWAL
(accountant )
(21 Points)
Replied 26 July 2016
ASHUTOSH PANDEY
(Asst.Manager Accounts)
(63 Points)
Replied 17 December 2016
i am purchaseing capital goods from outside state & within state against tax invoice.
which tax credit available for me to take credit of vat payment.
regards
ashutosh
modassar akhtar
(senior article assistant)
(23 Points)
Replied 17 April 2017
whether credit of cst can be taken against the output cst on inter state sale...???
ashish
(M.Com)
(238 Points)
Replied 19 April 2017
Dear Expert,
Pleaes Give me Urgent Reply
Q: Feb'17 We sales at Delhi @ 5%Tax (2500.00) and then in March'17 Goods Return so my Question
1> in March Month our CST Tax Amount :500.00 so i adj above tax amount against Means My Closing 2000.00
2> in April CST Tax @ 5% 1500.00 and my openning 2000.00 means 500 Credit till aviable
but in Form 3b how to show openning
sumit gupta
(aarticle)
(23 Points)
Replied 03 July 2017
CAN WE ADJUST INPUT TAX CREDIT OF CST PURCHASE WITH OUTPUT CST PAYABLE?????
Raja Sekhar R
(42 Points)
Replied 08 July 2017
The invoice raised CST @ 14.5 %, that the CST Tax Amt, we can take the input as VAT @ 14.5, So please clear my doubt
MAHESH ME
(3 Points)
Replied 24 December 2018
can vat payable of Jun17 can be settoffed againt gst input of july ?
CAclubindia
