Input credit of Cst Paid under GST
This query is : Resolved
21 June 2017
can we take the input credit of CST paid under GST as well as C form also have been issued
21 June 2017
CST is subsumed under GST and IGST is to be charged/paid in case of interstate supply. Full credit of IGST is available.
and there is no concept of forms under GST regime we have to pay tax on every supply even if we are transferring stock to our branch in different state even then also we have to pay tax (earlier same is transfer against F form and there is no VAT/CST on same)
and there is no concept of forms under GST regime we have to pay tax on every supply even if we are transferring stock to our branch in different state even then also we have to pay tax (earlier same is transfer against F form and there is no VAT/CST on same)
21 June 2017
that I know... I am talking about the closing stock as on 30th june, if I have paid CST on that will I get credit of the cst under GST regime?
21 June 2017
As per transitional provisions credit is allowed to be "CARRY FORWARD", but only those credits are allowed to be carried forward which were also allowed under current regime, but if any credit of any tax is otherwise not available in current regime then that cannot be carry forward.
So, accordingly credit of CST is not carry forward under gst
So, accordingly credit of CST is not carry forward under gst
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
