Can CST output can be adjust against VAT input. If so, tell me briefly abt that
6 Replies
Naga veereswara sarma
(Article Assistent)
(51 Points)
Replied 04 July 2009
can u say abt that provision clearly
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 04 July 2009
yes examples are given at DVAT.GOV.In.
1 simple example there was given as follow:
Example
A dealer ABC in Delhi purchases goods in Delhi for which he pays Rs 2000 as input tax. He makes a sale in Delhi for which the tax is Rs 900. He also makes an inter-state sale to another dealer situated outside Delhi for which the CST is Rs 3000.
His net DVAT liability for the period is a negative amount of Rs 1100. He can apply this negative amount against his CST liability.
He will be required to pay Rs 1900 (CST of Rs 3000 reduced by excess DVAT credits of Rs 1100) to the government.
for more specification / clarification please visit to below mentioned link :-
https://dvat.gov.in/dvatonline/page.php?PageId=10
praveen
(Chartered Accountant)
(6971 Points)
Replied 05 July 2009
yeah but CST input cannot be taken
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