Adjustment of CST against VAT

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Everyone thanks for valuable inputs.

But the problem is  I m incurring 2% extra cost on my purchases. Also I have to pay entry tax.

Is there a way I can cut down this to 1% or null other than using the stock transfer method.

rgds,

Replies (22)

Everyone thanks for valuable inputs.

But the problem is  I m incurring 2% extra cost on my purchases. Also I have to pay entry tax.

Is there a way I can cut down this to 1% or null other than using the stock transfer method.

rgds,

No u cannot adjust CST paid on purchase with VAT payable.....

U can adjust CST payable against INPUT TAX CREDIT...........

CST cannot be adjusted against VAT Paid...

But it can be adjusted against ST paid (if any )

If we Purchase Goods from Orissa @ 2% CST and Sold to West Bengal @ 2% CST. Can we claim Input CST Credit against output CST? Busines in State of Andra Pradesh.

No you cant take input of cst

Ashih Gupta Why not?

I known it is not allow as per ACT.

But Input CST and Out CST are belongs to Central GOV even if we purchase one state and sold to another state, then why not credit allowed. It is layman thinking.

 

CST does not belong to central govt. It is revenue of state govts only

Respected Sir,

It MEans that all the output vat should be paid the proper value of output isn' it?


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