Deepak Manjrekar (salaried) (36 Points)
22 June 2008Dear All
I M PURCHASING GOOD FROM OTHER STATE BY PAYING CST @ 2%, & SAME PRODUCT SALE IN MAHARASHTRA, can i claim cst input credit agst vat payable .
Thanks,
sudha
(CFO)
(64 Points)
Replied 23 June 2008
No . You cannot claim a set off of CST paid on the inputs. If however you have paid VAT on the inputs , you can claim a set off.
subramanya
(Professional)
(907 Points)
Replied 23 June 2008
Input Credit not available for Interstate purchases. Cst paid will be cosidered as cost
Radheshyam
(service)
(18 Points)
Replied 23 June 2008
Dear Friend, No Set off is available on CST purchased item from other state. It is specificaaly denied in the Act.
VANDANA
(MCOM II ICWAI INTER Working as an ACCOUNTANT BCOM 1ST CLASS)
(491 Points)
Replied 02 January 2010
Posted about a year ago  |
Dear Friend, No Set off is available on CST purchased item from other state. It is specificaaly denied in the Act. |
DEAR RADHESHAM,
CAN U GIVE ME ANY NOTIFICATION/CIRCULAR REGARDING THIS... PLEASE... I'VE TO SHOW IT TO ONE OF MY CLIENT...!!!
THANKS IN ADVANCE... FOR REPLY...
ASHA P
(ARTICLED ASSISTANT)
(25 Points)
Replied 26 August 2011
Can we set off CST Input Aganist CST Output?
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 27 August 2011
Credit of CST paid is not available. So there is no setoff.
Regards
Dayananda
priya
(accountant)
(28 Points)
Replied 05 March 2012
we are purchasing goods from inter state and sales also we can claim cst purchase from cst sales value
Prem Gandhrva
(Sr. Officer Accounts)
(24 Points)
Replied 27 April 2012
Interstate Purchase is not input credit purchse.and not receive input.
Prem Gandhrva
(Sr. Officer Accounts)
(24 Points)
Replied 28 April 2012
Input tax credit is not available form cst purchase.
Saajan Murali
(Others)
(21 Points)
Replied 11 August 2015
If a dealer buys goods by paying 14.5 % CST (Interstate purchase Without C Form) and sells it to another state for 14.5% again, is he allowed to claim the input paid on CST purchase?
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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