Input tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2011
HI
RESPECTED MEMBERS
I WANT TO KNOW IF SALE TAX (CST) COLLECTED BY OUTSIDE SALES I.E. CST SALES. , SUCH CAN BE SET OFF AGAINST INPUT TAX IN RESPECT OF PURCHASE MADE WITH IN STATE .?
OR
CST COLLECTED CAN BE SET OFF AGAINST CST INPUT PAID AT THE TIME OF PURCHASE?
THANKS IN ADVANCE
RESPECTED MEMBERS
I WANT TO KNOW IF SALE TAX (CST) COLLECTED BY OUTSIDE SALES I.E. CST SALES. , SUCH CAN BE SET OFF AGAINST INPUT TAX IN RESPECT OF PURCHASE MADE WITH IN STATE .?
OR
CST COLLECTED CAN BE SET OFF AGAINST CST INPUT PAID AT THE TIME OF PURCHASE?
THANKS IN ADVANCE
27 December 2011
Yes CST output tax can be set off against input VAT credit.
but CST paid on purchases in non-set off
but CST paid on purchases in non-set off
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