sir , i am a computer dealer in karnataka, now i have some query regards vat and cst , pls try to help me regarding this
suppose i purchase goods from local vendor under 5% and send the goods to west bengal at 2 % cst, then the tax difference of 3 % is supposed to be refunded by the government or not
weather cst sales can be set off with vat input credit and even after clubbing the vat output and cst sales my vat input is more due to major cst sales compare to local sales then what to do
example
vat input is 200000
cst sales against c form is 80000
vat out put is 20000
then my vat laibility/ refund will be 200000-80000-20000=100000
if this is right then how will i get the refund and what time
CAclubindia
