Please Help: CST
Posted Date : 10-Oct-2013 , 06:24:52 pm | Posted By Damanpreet SIngh
Dear All,
Can CST paid on Purchase be adjusted against CST Payable??
Can CST paid on Purchase be adjusted against CST Payable??
Category : VAT | Answers : 2 | Comments : 3 | Hits : 174
Answers
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.
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.
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