Whether credit of Input CST is available for Output CST?
2 Replies
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27191 Points)
Replied 15 February 2010
No.
Reason: -
As Input CST is Charged by Other Than UR State Goverment.
&
Output CST Being Charged By UR State Goverment.
Hence, Difference in Goverment - No Credit Available.
Pratik Shah
(Assistant Manager Business Process Specialist Accounting Technician B.Com (Specialization in Accounts & Finance) & Technology Savey)
(151 Points)
Replied 17 February 2010
NO Credit is allowable for Input CST, Output CSt can be only adjusted against Input VAT.
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