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Input tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2011 HI

RESPECTED MEMBERS

I WANT TO KNOW IF SALE TAX (CST) COLLECTED BY OUTSIDE SALES I.E. CST SALES. , SUCH CAN BE SET OFF AGAINST INPUT TAX IN RESPECT OF PURCHASE MADE WITH IN STATE .?

OR

CST COLLECTED CAN BE SET OFF AGAINST CST INPUT PAID AT THE TIME OF PURCHASE?

THANKS IN ADVANCE
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Vishnu Saboo

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Vishnu Saboo (Expert)
27 December 2011 Yes CST output tax can be set off against input VAT credit.
but CST paid on purchases in non-set off

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