Devendra (Chartered Accountant) 21 February 2011
1) THE CST PAID ON CST PURCHASE CANNOT BE CLAIMED WHILE CALCULTING THE VAT LIABILITY.
2) CST PURCHASES ARE TO BE SHOWN UNDER THE GROUP PURCHASES AND THE CST PAID SHOULD BE SHOWN IN THE BALANCE SHEET UNDER THE HEAD DUTIES & TAXES.
praveen (Chartered Accountant) 22 February 2011
as said by all ....
CST paid on purchases cannot be claimed by you in your state.....
though the words used are "CENTRAL" CST is still a state affairs so logically speaking you cannot claim tax paid for a different state in your state
Nitin Grover (CS) 22 February 2011
Yes you have to show entire purchase. Doesn't matter its from Inter State, Intra State or from where
Input Tax will be applicable only if its within a state and from Registered Dealer and goods must be of Business.
if you are from Haryana then in Vat Return you have to shown in LP - 3
Ashwini (CA Final student) 25 February 2011
VAT form 200 (monthly vat return) of Andhra pradesh.
And my another question is who are liable to file cst returns??
we purchase goods within the state and from out side state but we sale goods only within the state. So now
Are we liable to file CST returns??
DAYANANDA K N (ACCOUNTS EXCECUTIVE) 25 February 2011
In no state there is sepearte return for local sales/purchases and Interestate sales/purchases (As per my knowledge). There will be one return in which we need to give details of both interestate and within state sales and purchases.
If you are made / not made any Interestate sales than relevant block needs to updated according.
Like wise if you have made / not made Interestate purchases than relevat block needs to be updated accordingly.