Tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 October 2011 Can we avail tax credit of cst in any case?

14 October 2011 No CST paid cannot be availed as credit. Only VAT can be availed.

14 October 2011 No tax credit cannot be taken on CST payment.

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Querist : Anonymous

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15 October 2011 Thanx for ur reply but what in case i purchased goods interstate , enable to sold goods in my state , then transferred goods to my branch in the same state frm where i purchased the goods and sold there by paying that respective state vat . Can i then avail the credit as the revenue of cst and vat gose in the hand of same state gov...?

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2011 Thanx for ur reply but what in case i purchased goods interstate , enable to sold goods in my state , then transferred goods to my branch in the same state frm where i purchased the goods and sold there by paying that respective state vat . Can i then avail the credit as the revenue of cst and vat gose in the hand of same state gov...?

15 October 2011 As Far As CST Concern No Credit Available For Same and Interstate & Branch Transfer Are Two Different Concept.


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