Reduction of cst

jaydeep (Querist) 26 March 2012 This query is : Resolved
I am doing business in vadodara, gujarat.

somebody says you have to reduce vat credit when you do ogs sale.

I am afraid that vat officer will demand vat from me because i have not reduce vat credit.

Please give some clearity.. is my friend write???

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C. P. CHUGH (Expert) 20 May 2012
Your facts are not clear. Disallowance of input tax credit is governed by certain provisions and are subject to certain conditions by different State VAT Acts. Provisions under the Gujrat VAT shall also be subject to certain conditions. Pls read those conditions carefully and find out whether your case falls in any of the category of input credit reversal/disallowance.

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