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Cst 12.5 credit available as input vat

Balendra Parmar (Finance Manager) (199 Points)

12 January 2013

Dear Sir,

We are under impression that the CST 12.5 without C form credit is available as input or not. Also we need help about CST on sales is payable every month or set off the payable cst against purchase CST.Kinldy provide the help ASAP.

Regards,

Balendra Parmar.

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2 Replies

Sonu Kumar (Account Manager) (665 Points)
Replied 12 January 2013

Dear Sir,

CST Paid on Purchase Can Not Be Adjusted With CST Payble on Sales. You can Take Input Credit on Only Local Purchase.

one more thing Input on Local Purchase Can be Adjusted With CST Payble

Naman (Accountant) (339 Points)
Replied 12 January 2013

There is no rule for credit of tax paid on inter state purchase. However, CST payable can be adjusted by utilising balanced input tax credit on Intra-State purchase after setting off the tax payable under state vat.