Dear all,
The company for which i am currently doing audit has two types of CST payable:
1. On concessional rate @ 2% by submitting C forms
2. On normal rate @ 14.5%
My question is can vat input credit availed from purchases be adjusted against the cst payable? if so then please provide an explanation.... urgent rply needed
Thanks in advance
keerty
Yes VAT input credit availed can be utilised for payment of CST output tax liability.
Thank you for the reply sir. Can input credit be availed against concessional cst payable also?
yes there is no restriction as to adjustment.....
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
