Input credit against cst 2%
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2014
Dear Experts
we have purchased goods from outside state against form C 2% CST RS 1820.00. We have sold goods under output tax VAT Rs 130000 & CST Rs. 97000.Now my query is that can i adjust this input tax Rs 1820.00 against my output tax VAT & CST amount?
we have purchased goods from outside state against form C 2% CST RS 1820.00. We have sold goods under output tax VAT Rs 130000 & CST Rs. 97000.Now my query is that can i adjust this input tax Rs 1820.00 against my output tax VAT & CST amount?
09 September 2014
A dealer CANNOT avail input credit of CST. Accordingly CST paid on purchases CANNOT be used for payment of output VAT or CST on sale.
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