Please let me know that CST @ 2% can be adjust with ITC @ 4%, 5%, or 12.5%.
5 Replies
CA SALONI
(CHARTERED ACCOUNTANT)
(391 Points)
Replied 01 May 2012
anshuman ji, CST payable can be adjusted against any ITC, classification doesn't matter.
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 02 May 2012
YEs, it can be adjusted. But CST on purchase cant be claimed as Input Credit.
M.K.AGGARWAL
(TAX CONSULTANTS)
(232 Points)
Replied 04 May 2012
Yes,CST Payable can be adjusted with ITC.
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