Input DVAT, VAT + CST

[Mrityunjay jha]

Sir,

Please advice

Input DVAT adjusted with CST Paybale, if not given notification no & dated .

Posts / Replies

[Pradeep Khatri]

You can adjust the Input Tax Credit against the liability of CST.  But in DVAT there are provisions that if you avail Input Tax Credit @ 5% or 12.50%, and you sell goods against 2% then you would have to reverse the proportionate ITC.