Reverse credit of input vat against cst sales(tamilnadu)

Others 971 views 1 replies
Dear Sir,
We are a registered dealer manufacturer unit in Tamil Nadu. we have purchase the Raw material from- Otherstate 70% & tamil nadu 30% we have sales the finished goods to otherstate 90% & 10% tamil nadu. Other state sales means CST sales2% with C form. we need to reverse the Credit on purchase with in the state.
If Its Correct please sensd the Formula for the above.
Please help me in this regards,
R.Iyappan
Cell: 9894818701
 
Replies (1)

Suppose input tax credit of 30% TN purchase = Rs 30

Output Tax on sale in TN of 10% = Rs 10

 

You are eligible for tax credit of Rs 20


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details