14 July 2011
Dear Sir/Madam, Iam being a trader, i buy a product within state by paying 4% VAT (VAT Purchase)and then sell the product outside the state(CST sale)by collecting 2% CST against Form C. Now my query is that, can i avail the input credit on the 2% collected aginst 4% VAT paid
14 July 2011
pls confirm your question,, inter state purchases liable to CST are not eligible for Input credit , but CST payable can be set off against any purchase liable to VAT/CST