Tax credit

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Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2011 Can we avail tax credit of cst in any case?

CA Ashwani Agarwal

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

ACMA Obulirajan R

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

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Querist : Anonymous

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...?

Querist : Anonymous

Querist : Anonymous (Querist)