hi all
we are a trading company based in tamilnadu. we buy our goods with 14.5% local input tax. we have customers in other states for whom we sell using CST 2% with C-form. So is there any tax loss for us in this case.
regards
venkat
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Tax credit
Replies (2)
No you can claim the input tax paid as refund after paying off the 2% CST collected.
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VAT paid for purchases is available as credit. This can be used for payment of CST as well as VAT. So there is no loss.
Regards
Dayananda
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