Input Credi Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2011
Dear Sir/Madam,
Iam being a trader, i buy a product within state by paying 4% VAT (VAT Purchase)and then sell the product outside the state(CST sale)by collecting 2% CST against Form C.
Now my query is that, can i avail the input credit on the 2% collected aginst 4% VAT paid
Iam being a trader, i buy a product within state by paying 4% VAT (VAT Purchase)and then sell the product outside the state(CST sale)by collecting 2% CST against Form C.
Now my query is that, can i avail the input credit on the 2% collected aginst 4% VAT paid
14 July 2011
pls confirm your question,,
inter state purchases liable to CST are not eligible for Input credit , but CST payable can be set off against any purchase liable to VAT/CST
inter state purchases liable to CST are not eligible for Input credit , but CST payable can be set off against any purchase liable to VAT/CST
14 July 2011
CST charged against your sales and your liability to pay this CST can be set off against your vat input credit on purchase in state
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
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Soyabean hsn code and gst rate
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
