Please Help: CST
Posted Date : 10-Oct-2013 , 06:24:52 pm | Posted By: Damanpreet SIngh
Category :
VAT | Answers :
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Comments :
3| Hits: 284
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Dear All,
Can CST paid on Purchase be adjusted against CST Payable?? |
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Answers:
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 Answer by: Shankygarg |
| NO, CST PAID ON PURCHASE CAN NOT BE ADJUSTED AGAINST CST PAYABLE.IT IS NOT LIKE VAT WHERE INPUT CREDIT CAN BE TAKEN FOR THE VAT PAID.THE BASIC EXPLANATION TO THIS IS- THAT CST PAID ON PURCHASE IS RECEIVED BY SOME OTHER STATE.
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| Answer by: Shankygarg |
| NO, CST PAID ON PURCHASE CAN NOT BE ADJUSTED AGAINST CST PAYABLE.IT IS NOT LIKE VAT WHERE INPUT CREDIT CAN BE TAKEN FOR THE VAT PAID.THE BASIC EXPLANATION TO THIS IS- THAT CST PAID ON PURCHASE IS RECEIVED BY SOME OTHER STATE.
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| Comments |
| Posted By : KEHAR SINGH |
12-Oct-2013, 02:55:12 |
| No, CST Paid can not adjusted CST Payable. its part of our cost and do not integrated it with VAT rules, in VAT ITC can adjustet but CST paid can not adjusted against payable |
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| Posted By : Parag Gudhka |
12-Oct-2013, 02:29:06 |
| No it cannot be adjusted |
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| Posted By : Roshan Lal Gupta |
11-Oct-2013, 12:51:53 |
| no u cant adjust cst paid on purchase against cst payable. |
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