On which item we can take CST Credit
This query is : Resolved
12 August 2009
I am working in a Manufacturing Company.
We purchase interstate material against C form & pay CST on Purchase, Also we purchase Plant & Machinery & their parts(Capital Goods) & pay CST.
We maximum sale interstate against C form..
Can we take credit of CST on purchase of material or Capital Goods. Is it admissable in CST Payable
We purchase interstate material against C form & pay CST on Purchase, Also we purchase Plant & Machinery & their parts(Capital Goods) & pay CST.
We maximum sale interstate against C form..
Can we take credit of CST on purchase of material or Capital Goods. Is it admissable in CST Payable
12 August 2009
Credit of CST paid is not allowed, only specific BU's i.e. 100% EOU etc can claim for refund of CST paid in prescribed manner.
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
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- 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
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
