Dear All
As per TNVAT , Can CST(payable) be adjusted with Input tax credit which is available after adjusting output tax.kindly clarify immediately.
William Peter.a (CA Final ) (179 Points)
03 February 2010Dear All
As per TNVAT , Can CST(payable) be adjusted with Input tax credit which is available after adjusting output tax.kindly clarify immediately.
C.Balaji
(Learner)
(1867 Points)
Replied 05 February 2010
Mr.William
CST(payable) cannot be adjusted with Input tax credit which is available after adjusting output tax......
Cst @ specified rate should be paid and the Input credit of VAT should be cariied forward....
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India