Cst input credit
This query is : Resolved
Param Kalyan
(Querist)
20 October 2011
we plan to open our branch in delhi. all the purchases will be interstate from Punjab by paying cst @ 2%. If we make interstate sale from delhi against these purchases then are we liable to pay full cst collected on such sale or will it be adjusted against cst paid on purchases made.
20 October 2011
just like VAT we can not set off the credit for cst purchase against cst sale..
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