If we purchase on 21.06.2017 from delhi and the rate of Cst 12.5% and also excise tax charged. After applicable of Gst our sale product in 28% category.we can get credit 60% of 28 gst rate or only cst amount or not take ITC of CST.
PLEASE SOLVE.
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ITC on purchase before 30.06.2017
Replies (2)
cgst 14%
sgst 14%
you will get 60% credit if product is exciseble and vatable in current regime
sgst 14%
you will get 60% credit if product is exciseble and vatable in current regime
sorry ...
CST can not be set-off against gst.
U can set-off complete excise mentioned on ur invoice.
CST can not be set-off against gst.
U can set-off complete excise mentioned on ur invoice.
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