We are purchasing materials from Southern railway ie from other state. We have given C form and Railway collected 2 % CST. While entering in our books and while filing vAT returns (Karnataka) whether we can claim 2% as input? Kindly clarify
Thanks in advance.
CST paid cannot be claimed as input.
No Its can't be claimed.....Only purchases within the state....( following elegible purchases Acrng to Vat Act)
No you cannot claim the CST paid as input
CST paid by the purchaser is not eligible for credit from output(CST/VAT) and purchaser has to include it in cost of purchased goods.Remember CST output (i.e CST charged on CST Sales) is eligible to be set off from VAT Input.
if, suppose i have purchase the goods from rajkot gujrat cst charged by the seller, so purchaser is eligible for cst set off OR not , please give the correct clarification.
No, in CST purchase we cannot claim input credit the whole price including 2% will be cost for us
No dear, we cannot claim CST 2% as input credit...............
CST paid on inter state purchase not available as set off although on interstate sales when u credit cst payable you can transfer cst payable to VAT payable and then claim set off
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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