Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2012
Dear Sir,
As Per My query I Have Have Big Manufacturer Company In Haryana. I Have Raw Material Purchase from Uttrakhand vibhag of Govt. I Have Purchase from this vibhag at least 1.5 Crore after paying tax 12.5% & 13.5% the invoice issue by the uttrakhand govt with put the vat i Confuse that if this central purchase then govt put on the invoice CST But Govt Put on The Invoice Vat 12.5% & 13.5% I Know That This Is Other State but Please Explain me any condition then we have take credit for this paid tax to uttrakhand Govt.
Please request you tell me any other condition for take input credit of this big amount of tax to GOvt of Uttrakhand.
As Per My query I Have Have Big Manufacturer Company In Haryana. I Have Raw Material Purchase from Uttrakhand vibhag of Govt. I Have Purchase from this vibhag at least 1.5 Crore after paying tax 12.5% & 13.5% the invoice issue by the uttrakhand govt with put the vat i Confuse that if this central purchase then govt put on the invoice CST But Govt Put on The Invoice Vat 12.5% & 13.5% I Know That This Is Other State but Please Explain me any condition then we have take credit for this paid tax to uttrakhand Govt.
Please request you tell me any other condition for take input credit of this big amount of tax to GOvt of Uttrakhand.
27 June 2012
Normally in case of interstate sales CST shall be applicable at a concessional rate of 2%( in case against C-form) or rate of VAT prevailing in the respective state.
In your case they might have charged CST full rate i.e rate of Uttrakhand VAT, It is clearly CST only.
As such you can not avail input tax credit.
In your case they might have charged CST full rate i.e rate of Uttrakhand VAT, It is clearly CST only.
As such you can not avail input tax credit.
C.A Anshul Singhal
(Expert)
27 June 2012
yes it's cst .and cenvat of cst are not available.
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
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Capitalgain tax purposes for valuation report compulsory
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
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
