On which item we can take CST Credit
This query is : Resolved
Nitesh Soni
(Querist)
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
Vishnu Saboo
(Expert)
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.
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