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Tax credit of central sales tax

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(Querist)
13 June 2012 Is tax credit available of CST PAID ON PURCHASE.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 June 2012 Amount paid towards CST is not eligible for credit.
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KOMAL AGRAWAL

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KOMAL AGRAWAL (Querist)
13 June 2012 Sir than this is cascading effect that is tax on tax.



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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 June 2012 Yes in this case, there is cascading effect. The CST forms part of purchase cost and is passed on to the buyer.

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