Hi all,
Can I claim Input VAT from CST output?
7 Replies
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 12 December 2011
Yes you can adjust CST output agst Net Input refundable
kishore
(asst manager -accts)
(135 Points)
Replied 12 December 2011
As per my knowledge , the Input VAT Claims cannot be claimed proportinate to the CST output
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 12 December 2011
Hai...sugithi...!!
After adjusting the net VAT out put against Input Tax credit
the remaining VAT Input is claimed against CST output..!!!!!!
Thanks for oppurtunity..!!!
AUDITOR VINOTHKUMAR
(a)
(875 Points)
Replied 12 December 2011
| Originally posted by : SANDEEP R. WAWHAL | ||
 |
Yes you can adjust CST output agst Net Input refundable |
|
agree Mr. Sandeep
AUDITOR VINOTHKUMAR
(a)
(875 Points)
Replied 12 December 2011
| Originally posted by : PHANI KUMAR VANAMALA | ||
|
|
Hai...sugithi...!! After adjusting the net VAT out put against Input Tax credit the remaining VAT Input is claimed against CST output..!!!!!! Thanks for oppurtunity..!!! |
 |
Agree Mr. Phani Kumar
CA Ketan Waghela
(Partner at Elite Educare)
(356 Points)
Replied 12 December 2011
Sugithi ji, you can claim net Input VAT credit against CST output..
However, vice-a-versa is not allowed.
siva rangana
(CA FINAL)
(41 Points)
Replied 13 December 2011
yes u can claim the vat input from the cst output otherwise if there is no cst output then u can carryforward it to the next month.
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