Can any one tell CST payable adjust againt input tax creit
12 Replies
subramanya
(Professional)
(907 Points)
Replied 21 December 2009
| Originally posted by : Rajan N | ||
 |
Can any one tell CST payable adjust againt input tax creit |  |
Dear Rajan,
Incase of Excess Input Tax Credit, you may adjust the same with CST Payable.
Dr CST Payable
Cr Input vat
Rajan Pasrija
(ACCOUNTANT)
(53 Points)
Replied 27 December 2009
Dear Rajan
Ofcours you can adjust the cst payable with Input Tax Credit
Saravanakumar
(Student)
(36 Points)
Replied 30 December 2009
| Originally posted by : subramanya | ||
|
Originally posted by : Rajan N Can any one tell CST payable adjust againt input tax creit Incase of Excess Input Tax Credit, you may adjust the same with CST Payable. On one condition the sale should be made to a registered delear |
|
MUTHUSAMY
(CA FINAL & ACS FINAL)
(253 Points)
Replied 03 January 2010
yes, Cst is adjusted against Vat Input credit
umesh vyas
(B.Com., LL.B., A.C.S. )
(210 Points)
Replied 03 January 2010
Ofcourse, VAT Input tax credit accumulated and unused, it can be adjusted against CST Liabilities. If the inter state transaction have taken from the same state, in which ITC accumulated frompurchases.
kumarsatish022
(Professional)
(165 Points)
Replied 03 January 2010
Yes, Cst payable can be ajusted against ITC , but vice-versa not possible and remember first adjust against vat payable thanks
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 08 July 2012
generally
CST IS ALLOWED AS ITC AGAINST VAT
CST IS NOT ALLOWED AS ITC AGAINST CST
VAT IS NOT ALLOWED AS ITC AGAINST CST
VAT IS ALLOWED AS ITC AGAINST VAT
THE MAIN THEME REGARDING WHEATHER ONE IS ALLOWED OR NOT AGAINST ANOTHER WILL DEPEND UPON WHEATHER THE RESPECTIVE STATE GOVT LOSS REVENUE OR NOT
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 08 July 2012
generally
CST IS ALLOWED AS ITC AGAINST VAT
CST IS NOT ALLOWED AS ITC AGAINST CST
VAT IS NOT ALLOWED AS ITC AGAINST CST
VAT IS ALLOWED AS ITC AGAINST VAT
THE MAIN THEME REGARDING WHEATHER ONE IS ALLOWED OR NOT AGAINST ANOTHER WILL DEPEND UPON WHEATHER THE RESPECTIVE STATE GOVT LOSS REVENUE OR NOT
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