SENTHILK KUMAR (Pursuing CA & Doing Articleship) (38 Points)
09 January 2014A company has both CST Purchases and CST sales. Can we avail input tax credit in the CST account? I mean can we avail input tax credit for CST payable against CST paid.
moulali
(student)
(735 Points)
Replied 09 January 2014
| Originally posted by : SENTHILK KUMAR | ||
 |
A company has both CST Purchases and CST sales. Can we avail input tax credit in the CST account? I mean can we avail input tax credit for CST payable against CST paid. |  |
the inter-state purchases liable to CST are not eligible for input tax credit.
however, the liability for CST can be set off against the input tax credit earned on other eligible purchases.
however, when liability of CST arises on a inter-state sale, the input tax credit can be used for set off,
as the revenue in this case the revenue does not go to any other state.
Rajiv Limbachiya
(Deputy Manager)
(140 Points)
Replied 09 January 2014
No, you can not take credit of tax of CST purchase, but if you have access VAT balance after set off against local sales, then you can take credit of that balance VAT against your CST payable as tax credit.
arun sharma
(assistant accountant)
(27 Points)
Replied 09 January 2014
i agreed with jeetendra goyal sahab
Santosh Arukh
(Manager- Accounts & Taxation)
(23 Points)
Replied 11 January 2014
ankit
(Article)
(30 Points)
Replied 12 January 2014
Santosh Arukh
(Manager- Accounts & Taxation)
(23 Points)
Replied 12 January 2014
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 13 July 2014
PURCHASE OF TILES FROM INTER-STATE AGAINST C FORM @ 2%.
CAN WE ADJUST THE INPUT OF 2% IN OUR TN LOCAL PURCHASE
manoj sharma
(propritorship)
(21 Points)
Replied 18 October 2014
No, only CST payable can be adjusted with available excess input VAT i.e. input vat- output vat.
RAVINDER KUMAR CHOUHAN
(MANAGER)
(222 Points)
Replied 17 August 2015
A NEW COMPANY PURCHASE MACHINERY BY PAID CST CAN CST INPUT TAKEN BY FURTHER CST LIABILITIES?
RAVINDER KUMAR CHOUHAN
(MANAGER)
(222 Points)
Replied 17 August 2015
A NEW COMPANY PURCHASE THEIR MACHINERY BY PAID CST CAN CST INPUT TAKEN BY FURTHER CST LIABILITIES?
Soumik Chakraborty
(Back Office Operator)
(22 Points)
Replied 28 January 2016
I want to know that can Input CST is adjustable with Output CST like vat adjustment?
I KNOW THAT OUTPUT CST CAN BE ADJUSTED WITH VAT INPUT CREDIT IS IT RIGHT?
Soumik
NITESH KUMAR
(ACCOUNT ASSITENT)
(72 Points)
Replied 22 May 2016
PURCHASE OF TILES FROM INTER-STATE AGAINST C FORM @ 2%. CAN WE ADJUST THE INPUT OF 2% IN OUR TN LOCAL PURCHASE
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