13 April 2011
Can we use tax paid on CST purchases as input credit for VAT payable on local purchases ? if not how will use the above tax paid ? What are the benefits available for tax paid on CST purchases ?
13 April 2011
you can not take the CST paid as input credit of VAT. It is cost to you. There is no benefits available on CST paid even you can not set off against your CST liability(CST payable by you on interstate sales)
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