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Can exempted purchase liable of cst
we purchased some of the exempted goods from other state. They send the combined bill to exempted goods and taxable goods. and they charges cst 1.2% on the both of them. How can i enter in my Books and Tally erp
Replies (4)
Mr.Gokul,
The exemption of Goods varies from state to state due to respective state VAT laws, in your case they have charges CST @ 1.5% on both exemted & taxable goods, so you can book total amount as Purchaes & charge it to P&L a/c as we can't claim the CST as input tax credit.
So, total amout to be charged as expenses in your books.
no can't claim input on exempted good dear..
Can i post the exempted goods in exempted purchase and taxable goods in taxable purchase?
you can do that
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