input credit of VAT
This query is : Resolved
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...
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...
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
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
24 April 2009
good explained
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
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Rental income gst and it purpose
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
