input credit of VAT

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Manoj Mangal (Querist)
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23 April 2009 1)
whether CST which, paid on purchase of goods, can be claimed against VAT output..

2)whether input CST is eligible against output CST

pl. explain in detail...

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
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23 April 2009 Hi
CST paid on Purchase cannot be adjusted for payment of Output VAT/CST.

However credit of VAT can be taken for payment of CST if left out after adjustment of Output VAT.

Also see this link for more info.
https://www.caclubindia.com/forum/message_display.asp?group_id=12628

Brij Bhushan Sangal

Brij Bhushan Sangal (Expert)
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24 April 2009 good explained