madinashabana11 (MBA) (1112 Points)
17 February 2012Hi Freiends.....I Have a query, Hope u alll help me in this regard....!!
My Friend have a sole trade business in State Andhra Pradesh ( A.P ) and he purchased some furniture from Mumbai for selling purpose and he paid CST there. Now my doubt is does he get any Input credit while selling that goods at A.P ? Plz help me about the Tax Treatement in this situation.....Thanks alot friends....!!
Venkateswarlu
(CA Final)
(51 Points)
Replied 17 February 2012
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 17 February 2012
No ITC on inter state purchases . However you can set off the CST liability against VAT REFUND i.e . your ITC is more than the VAT payable
CAclubindia
