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trans 1 credit for inter state purchase

ITC / Input 340 views 5 replies
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STUDENT
131 Points Posted on 06 October 2017
sir , if a person has closing stock through inter state purchase , can he claim the ITC of the stocks for 2% he has paid on such stock held through tran 1 and if yes, which column no should be filled in tran 1..
thank you sir
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On 06 October 2017 at 07:11 Report
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Chartered Accountant
86505 Points Posted on 06 October 2017
No credit available for CST paid by you.
814 Reply
On 06 October 2017 at 07:21
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264 Points Posted on 06 October 2017
Not availed bcoz also not availed in previous law.
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On 06 October 2017 at 07:49
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"Do the Right Thing...!!!"
128147 Points Posted on 06 October 2017
Yes... I agreed with Mr Baldev Prajapati & Rashmi.,

@ Mr. Baldev Prajapati,
Well said and Nice understanding also I get good reply....


@ Mr. Sebastian.,
We can't use the CST paided tax/ITC. In case it's ED bills then you can avail ED inputs...
463 Reply
On 06 October 2017 at 08:06
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STUDENT
131 Points Posted on 06 October 2017
thank you sir
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On 06 October 2017 at 09:51
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"Do the Right Thing...!!!"
128147 Points Posted on 06 October 2017

You are welcome Dear

463 Reply
On 06 October 2017 at 09:57


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