Cst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2012
Dear sir
cst is applicable for input credit vat taken.
cst is applicable for input credit vat taken.
28 June 2012
Your question is not clear. Input tax credit is available only for the purchases made in the same state and sold in the same state. If you buy in X state and sell in Y state against C form then there is no problem. You can retain input credit. Kindly inform your state and repeat your question with clarity.
28 June 2012
rengarajji is right,
query is not query
if you asking for cst purchase credit taken into vat sett off then kindly note that ITC from purchase from other state with in composition i.e against "C" Form @ 2% or any other rate will not be allowed to take as input tax credit only local purchase ITC you can take as input tax credit as explained by expert
query is not query
if you asking for cst purchase credit taken into vat sett off then kindly note that ITC from purchase from other state with in composition i.e against "C" Form @ 2% or any other rate will not be allowed to take as input tax credit only local purchase ITC you can take as input tax credit as explained by expert
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