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Taxation

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2013 Sir,
U explained the problem easily which I asked u last night but i have a problem in it
Actually in cost of raw materials imported from other states we include CST but u didnt include CST in it
Can u please explain the reason for it
thank u
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Ashwani Narnoli

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Ashwani Narnoli (Expert)
27 September 2013 because we take credit of cst.
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2013 Sir I didnt understood this answer
Please show the entry mode for my clarification
Actually CST cant be taken as input credit as per Sales tax act
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
27 September 2013 Coz it was treated as a part of cost,
You can not exclude it from the cost...
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