Cst paid offset against vat payble in mp

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Sales Coordinator
24 Points Posted on 09 July 2012

1. Is it possible to take input credit of CST paid for Out side purchase against VAT payble local sales?

2. Is musical instruments exempted for Sales Tax?

3. Imported electronic musical instruments comes under 4% VAT or 12.36% VAT in MP?

 (Confused just because electronic goods comes under 4 % VAT)

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On 09 July 2012 at 19:04 Report
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Taxation Manager
637 Points Posted on 10 July 2012
No input credit for the amount of CST paid. Whether it is imported or made in India, it has to be taxed at the rate specified under the VAT schedule i.e 4%.
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On 10 July 2012 at 10:07

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