can i claim sett off cst input credit agst mvat payable

ITC / Input 8806 views 14 replies

Dear All

I M PURCHASING GOOD FROM OTHER STATE BY PAYING CST @ 2%, & SAME PRODUCT SALE IN MAHARASHTRA, can i claim cst input credit agst vat payable .

Thanks,

 

 

Replies (14)
No u cant claim set-off against VAT payable bcoz of CST ON INPUTS........

No . You cannot claim a set off of CST paid on the inputs. If however you have paid VAT on the inputs , you can claim a set off.

Input Credit not available for Interstate purchases. Cst paid will be cosidered as cost

Dear Friend, No Set off is available on CST purchased item from other state. It is specificaaly denied in the Act.

you cannot avail input credit

Posted about a year ago Quote

Dear Friend, No Set off is available on CST purchased item from other state. It is specificaaly denied in the Act.



 

DEAR RADHESHAM,

CAN U GIVE ME  ANY NOTIFICATION/CIRCULAR REGARDING THIS... PLEASE... I'VE TO SHOW IT TO ONE OF MY CLIENT...!!!

 

THANKS IN ADVANCE... FOR REPLY...

 

Can we set off CST Input Aganist CST Output?

Credit of CST paid is not available. So there is no setoff.

Regards

Dayananda

Originally posted by : ASHA P

Can we set off CST Input Aganist CST Output?


No you can't!!

we are purchasing goods from inter state and sales also we can claim cst purchase from cst sales value

 

cst input will be claimable r not

 

Interstate Purchase is not input credit purchse.and not receive input.

Input tax credit is not available form cst purchase.

 

If a dealer buys goods by paying 14.5 % CST (Interstate purchase Without C Form) and sells it to another state for 14.5% again, is he allowed to claim the input paid on CST purchase?


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