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Input credit

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(Querist)
19 December 2013 Whether input credit on CST purchase can be utilized for adjustment of vat on local sales.

Eg: Purchase from gujarat @ 2% against Form-C. Sales in the state of Tamilnadu at 14.5%.

Is it possible to avail credit of 2% purchase? If so, then how & the procedure for the same.
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Anwar Khan

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Anwar Khan (Expert)
20 December 2013 no You have don't avail Input Credit Purchase against C form

You can utilized input tax on purchase within state where you have registered

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