Input credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2012 Dear Sir,

As Per My query I Have Have Big Manufacturer Company In Haryana. I Have Raw Material Purchase from Uttrakhand vibhag of Govt. I Have Purchase from this vibhag at least 1.5 Crore after paying tax 12.5% & 13.5% the invoice issue by the uttrakhand govt with put the vat i Confuse that if this central purchase then govt put on the invoice CST But Govt Put on The Invoice Vat 12.5% & 13.5% I Know That This Is Other State but Please Explain me any condition then we have take credit for this paid tax to uttrakhand Govt.

Please request you tell me any other condition for take input credit of this big amount of tax to GOvt of Uttrakhand.

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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27 June 2012 Normally in case of interstate sales CST shall be applicable at a concessional rate of 2%( in case against C-form) or rate of VAT prevailing in the respective state.

In your case they might have charged CST full rate i.e rate of Uttrakhand VAT, It is clearly CST only.

As such you can not avail input tax credit.