Can CST on purchase be adjusted against the Output tax (VAT) ?? its kerala VAT
Regards
subramanya
(Professional)
(907 Points)
Replied 12 January 2010
| 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
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