Dear All
i am working in cement industry and our organisation exemption entitlement of VAT so we are exempt to pay our vat liability and claim refund of VAT paid on purchase . further we also have granted DFIA Licence against the same we can import material and tax on the same will be reduced from the DFIA licence amount , but now we have sold the DFIA license to another party ( part ) and charged CST on the same , so now my question is this ki can we take credit of or regular input tax on purchase against the CST on sale of DFIA license .
Pls advice
Regard
Praveen Sen
CAclubindia
