09 August 2012
can input credit be availed on purchase of furniture in TN? Also in TN when machinery is purchased from outside state say Maharashtra then can the company claim any setoff against the CST paid???
09 August 2012
Input credit cannot be availed on purchase of furniture in Tamilnadu. It is permitted only for dealers dealing in furniture as their trade.
Secondly set off is not permitted for any materials purchased interstate.
CAclubindia
