Tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 October 2011 Can we avail tax credit of cst in any case?
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
14 October 2011 No CST paid cannot be availed as credit. Only VAT can be availed.
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ACMA Obulirajan R

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ACMA Obulirajan R (Expert)
14 October 2011 No tax credit cannot be taken on CST payment.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2011 Thanx for ur reply but what in case i purchased goods interstate , enable to sold goods in my state , then transferred goods to my branch in the same state frm where i purchased the goods and sold there by paying that respective state vat . Can i then avail the credit as the revenue of cst and vat gose in the hand of same state gov...?
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2011 Thanx for ur reply but what in case i purchased goods interstate , enable to sold goods in my state , then transferred goods to my branch in the same state frm where i purchased the goods and sold there by paying that respective state vat . Can i then avail the credit as the revenue of cst and vat gose in the hand of same state gov...?
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Mayur Gondaliya

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Mayur Gondaliya (Expert)
15 October 2011 As Far As CST Concern No Credit Available For Same and Interstate & Branch Transfer Are Two Different Concept.

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