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CST

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(Querist)
20 August 2010 one of our client is having CST Input in his books since 4 years whats the procedure of it.How should it be trated or it has to be left as it is
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 August 2010 There is no input and output concept in CST,But in some states it can be adjusted with entry taxes. please check the state vat act, and it may written off or adjusted you need to decide
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SAMEER

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SAMEER (Expert)
21 August 2010 AGREE FURTHER CST SHOULD BE INCLUDED IN THE COST OF PURCHASE OF GOODS (REVENUE OR CAPITAL)
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