Stock

sir,

i have one query.  we are dealers in chemcials and we have made cst purchases of some lab chemicals for re-sale.  but some of the material was consumed internally for purification of other materials.  so how should i enter in tally to reverse this and pass the consumption entry.  i am hoping that as it is cst purchases we need will not take input credit so it would not affect vat return as well.

pls guide me.

 

regards,

 

ram narayana agnihotram

Replies (1)

We don't get credit for CST paid on interstate purchases.

So why would we want to reverse CST paid on such interstate purchases.

I feel we need to do nothing.

An expert may confirm.

Shivani

shivaniadream @ gmail.com

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