Poonawalla fincorps
Poonawalla fincorps

Set off on interstate purchase

This query is : Resolved 
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(Querist)
27 May 2012 can we get set off on interstate purchase under 2%cst.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
28 May 2012 Interstate purchase ITC cannot set off with output tax

i.e you cannot claim ITC on interstate purchase

2% is against C form means it will reduce you tax liability by purchasing with C form
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
28 May 2012 Interstate purchase ITC cannot set off with output tax

i.e you cannot claim ITC on interstate purchase

2% is against C form means it will reduce you tax liability by purchasing with C form
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