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Set off cst

This query is : Resolved 
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(Querist)
11 October 2013 can we take setoff credit on cst purchases like in vat .
for eg. oms sales 40000 cst 2% 800.
oms purchases 30000 cst 2% 600
cst payable 200
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 October 2013 CST paid on purchases CANNOT be set off against CST payable on sales.

Credit of CST paid is NOT allowed.

You can set off VAT paid on purchases against CST payable on sales.

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