Query

Others 465 views 1 replies

Whether CST paid on inputs/capital goods can be allowed as credit in payment of Output CST if my company makes interstate sales ? Please give reference of your answer.

Replies (1)
Credit of CST cannot be taken. The reason is. : when the goods is purchased from another state CST is paid to that particular state and after interstate sale you pay CST to your state. So, if you are allowed to take credit then state govt will be at loss becoz they have to give credit for the amount they have not received.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register