Hi Friends ,
This is bhaskar wishes u all the best. I request you any one of you would please clarify my doubt on Apvat ? can we claim refund under vat act any cst we pay while filing the vat and cst monthly returns. similarly the assessment procedure which was in states sales tax is also there in vat act also ? please clarify my doubt.
From India, Hyderabad
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This is bhaskar wishes u all the best. I request you any one of you would please clarify my doubt on Apvat ? can we claim refund under vat act any cst we pay while filing the vat and cst monthly returns. similarly the assessment procedure which was in states sales tax is also there in vat act also ? please clarify my doubt.
From India, Hyderabad
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Dear Bhaskar,
As i understand from your question,
1. You are purchasing material within the state of Andra Pradesh and pay VAT on such purchases.
2. You are also effecting purchases from outside the state of Andra Pradesh and pay CST on such purchases.
You wish to know whether Credit of CST can be taken while filing your return.
Please note it is not allowed since we have consumption based model of VAT. Only VAT paid with the state is available for credit.
There is no assessments under VAT. The department is conducting Audit of Books of accounts (similar to Erstwhile audit).
Rgds
Vishwanath
From India, Bangalore
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3As i understand from your question,
1. You are purchasing material within the state of Andra Pradesh and pay VAT on such purchases.
2. You are also effecting purchases from outside the state of Andra Pradesh and pay CST on such purchases.
You wish to know whether Credit of CST can be taken while filing your return.
Please note it is not allowed since we have consumption based model of VAT. Only VAT paid with the state is available for credit.
There is no assessments under VAT. The department is conducting Audit of Books of accounts (similar to Erstwhile audit).
Rgds
Vishwanath
From India, Bangalore
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