Cst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2012
Dear sir
cst is applicable for input credit vat taken.
cst is applicable for input credit vat taken.
RENGARAJ R.K
(Expert)
28 June 2012
Your question is not clear. Input tax credit is available only for the purchases made in the same state and sold in the same state. If you buy in X state and sell in Y state against C form then there is no problem. You can retain input credit. Kindly inform your state and repeat your question with clarity.
Murtaza I Bhagat
(Expert)
28 June 2012
rengarajji is right,
query is not query
if you asking for cst purchase credit taken into vat sett off then kindly note that ITC from purchase from other state with in composition i.e against "C" Form @ 2% or any other rate will not be allowed to take as input tax credit only local purchase ITC you can take as input tax credit as explained by expert
query is not query
if you asking for cst purchase credit taken into vat sett off then kindly note that ITC from purchase from other state with in composition i.e against "C" Form @ 2% or any other rate will not be allowed to take as input tax credit only local purchase ITC you can take as input tax credit as explained by expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS on purchase of under construction property from a reseller
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
