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can i take input tax credit on inter state purchase? reply
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Answer / shalu jain
NO,WE CAN NOT TAKE INPUT CREDIT OF INTERSTATE
PURCHASE,BECAUSE IN INTERSTATE PURCHASE THE SALER STATE IS
DIFFRENT FORM BUYER STATE,AND BUYER STATE DOES NOT GIVE
INPUT CREDIT THEY ALLOW ONLY LOWER RATE AGAINST C-FORM
| Is This Answer Correct ? | 40 Yes | 6 No |
Answer / ramesh.k.s
NO,IT IS NOT POSSIBLE TO TAKE INPUT CREDIT OF INTERSTATE PURHCASE,BECAUSE WE ARE PAYING TAX ON PURCHASE ONE STATE BUT WE ARE CLAIMING INPUT ON PURCHASE SOME OTHER STATE.
| Is This Answer Correct ? | 24 Yes | 4 No |
Answer / tanuj kumar
no we cant take credit. becoz cst paid on purches...is not
allowed
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / ramachandra
We can not take input credit on interstate purchases
because purchase and sale effected in different states
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / satya
No, We can't take in put tax cedit on interstate sales
because buyer is not purchasing the material form same
state. So other states won't allow to take credit on
interstate sales
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / kumar
NO YOU CANNOT TAKE CREDIT ON CST PURCHASES MADE, BECAUSE OF IT IS BENEFICIAL TO SELLER'S STATE , NOT TO PURCHASER'S STATE.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / uday
Yes.
Formula: Output Tax(from Sales) - Input Paid Tax [thrg
Purchase(Local + Out)]
| Is This Answer Correct ? | 2 Yes | 20 No |
Answer / arjun bassi
yes we can take .
ITC = OUTPUT TAX -INPUT TAX .
| Is This Answer Correct ? | 3 Yes | 22 No |
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