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Q. > Please Help: CST
Dear All,
Can CST paid on Purchase be adjusted against CST Payable??
2 Answers
answered Oct 15, 2013 by shankygarg , Karnal
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.
answered Oct 15, 2013 by shankygarg , Karnal
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
Roshan lal Gupta
11-Oct-2013 , 12:51:53 amno u cant adjust cst paid on purchase against cst payable.
Parag Gudhka
12-Oct-2013 , 02:29:06 pmNo it cannot be adjusted
KEHAR SINGH
12-Oct-2013 , 02:55:12 pmNo, 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