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Cst credit availability

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(Querist)
29 July 2013 can cst paid on interstate purchase set off against cst payable on such sales or any other central govt tax?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 July 2013 no, set off is not allowed.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
29 July 2013 Set off you mean INPUT TAX CREDIT?

FOR INTER STATE PURCHASE (CST PAID MATERILS)INPUT CANNOT BE CLAIMED, SINCE SUCH PURCHAES ARE INELIGIBLE FOR INPUT TAX CREDIT. LOCAL PURCHASE INPUT TAX CREDIT CAN BE ADJUSTED AGAINST YOUR CST SALES.
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