Can CST on purchase be adjusted against the Output tax (VAT) ?? its kerala VAT
Regards
Can CST on purchase be adjusted against the Output tax (VAT) ?? its kerala VAT
Regards
| Originally posted by : Neeta | ||
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Can CST on purchase be adjusted against the Output tax (VAT) ?? its kerala VAT Regards |
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In this VAT regime, CST paid on Interstate purchases will consider as Cost of the Item. It can't be claimed as ITC or adjusted against output vat.
[In GST regime it is possible (smile)]
With regards,
Subramanya R
Shyam Joshi & Associates
Pune
B.Com
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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