05 November 2011
The credit of CST is never ever available. I will explain u with an example
G of Gujarat purchases goods from R of Rajasthan paying 5% CST which is deposited in Rajasthan VAT department. VAT payable on local sale by G has to be deposited in Gujarat VAT department. So, the credit of CST paid on purchase from Rajasthan is not at all available.
CAclubindia
