Hello,
If a dealer paid cess 12% on purchasing cold drinks after then Gst 28% tax then is Cess will also will be treated as input credit or what ? should we taken it as Input ?
Menu
CREDIT OF CESS PAID ON COLD WHY
Replies (3)
cuss paid on purchase shall be treated as credit and same shall be utilized only towards output liability of cess I.e. cess to be paid on sale of item.
so we should also collect it from the customer and treated as output and the paid cess while purchasing is treated as input
yes we can follow such practice.
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
Related Threads
CAclubindia
