How to treat CST paid stock in Gst. is any Input credit available or not on the same.
Please clarify.
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ITC on CST Paid stock
Replies (5)
on cst no input credit will be available
So there will be loss of tax of assessee
how is there any loss? you are not allowed to take credit is present vat regime also....
Its right but due to tax rate diffrence there will be loss.
Well, the perception of loss depends on the input tax credit you might have got and the output liability.
You need to see the difference Between "Composition tax payable" & "NET tax payable after adjusting ITC without composition.
If this difference is positive, you gain, othrewise you lose....
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