Can CST payable adjusted againt ITC

2183 views 12 replies

 Can any one tell CST payable adjust againt input tax creit

Replies (12)
Originally posted by : Rajan N
 Can any one tell CST payable adjust againt input tax creit


 

Dear Rajan,

Incase of Excess Input Tax Credit, you may adjust the same with CST Payable.

Dr CST Payable

Cr Input vat

yes............

Dear Rajan

Ofcours you can adjust the cst payable with Input Tax Credit

 

Originally posted by : Rajan N
 Can any one tell CST payable adjust againt input tax creit


 

Yes, the C.S.T. Payable can be adjusted against ITC.

Originally posted by : subramanya



Originally posted by : Rajan N



 Can any one tell CST payable adjust againt input tax creit





 
Incase of Excess Input Tax Credit, you may adjust the same with CST Payable.
On one condition  the sale should be made to a registered delear


No, and Never

yes, Cst is adjusted against Vat Input credit

Ofcourse,  VAT Input tax credit accumulated and unused, it can be adjusted against CST Liabilities. If the inter state transaction have taken from the same state, in which ITC accumulated frompurchases. 

Yes, Cst payable can be ajusted against ITC , but vice-versa not possible and  remember  first adjust against vat payable thanks

i agree with above experts

 

generally

         CST IS ALLOWED AS ITC AGAINST VAT

         CST IS NOT ALLOWED AS ITC AGAINST CST

          VAT IS NOT ALLOWED AS ITC AGAINST CST

          VAT IS ALLOWED AS ITC AGAINST VAT

THE MAIN THEME REGARDING WHEATHER ONE IS ALLOWED OR NOT AGAINST ANOTHER WILL DEPEND UPON WHEATHER THE RESPECTIVE STATE GOVT LOSS REVENUE OR NOT

generally

         CST IS ALLOWED AS ITC AGAINST VAT

         CST IS NOT ALLOWED AS ITC AGAINST CST

          VAT IS NOT ALLOWED AS ITC AGAINST CST

          VAT IS ALLOWED AS ITC AGAINST VAT

THE MAIN THEME REGARDING WHEATHER ONE IS ALLOWED OR NOT AGAINST ANOTHER WILL DEPEND UPON WHEATHER THE RESPECTIVE STATE GOVT LOSS REVENUE OR NOT


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register