Sir, I am a private limited company with stock of value 1 Crore as on 30th June purchased from other state by paying CST @ 2% against Form C. Is this CST Paid Rs. 2 Lacs now eligible for ITC under the GST tax Regime? please explain other related aspects too
Menu
Input tax credit under gst
Replies (4)
no CST paid will not allowed as credit
however other Tax like Exceise, ST or Vat credit allowed whether U registered or not under such specified act
however other Tax like Exceise, ST or Vat credit allowed whether U registered or not under such specified act
No, CST paid on purchase from other state can not be refunded under GST provisions and Form C is immaterial.
if you already register , and availed input tax credit . and set off against your liabilities. in case you carry forward your opening credit as on 01-07- 2017 after filing TAN-1. no question about your stock in CST or Local.
whether you are not register in excise and having invoice of excise duty , than you claim for such duties.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
