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please explaine the procedure cst calculation if we got
credit?
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Answer / shiwani vaishnav
First of all we don't get any credit of CST its Central Sale
Tax, and its calculation is on the principal amount, and
currently CST charged @2% on every Central Sale.
| Is This Answer Correct ? | 36 Yes | 6 No |
Answer / ravi
First Calculate the Agreegate sales price
then CST is calculated by using following formula
CST= ASP*2/102
Net CST Payable= CST-Vat Credit(VAT on Purchases(-)VAT on
Sales)
| Is This Answer Correct ? | 18 Yes | 6 No |
CST is Central Sale Tax.
We don't get refund of CST.
we get vat only.
CST is Calculate of total sale+Freight+Excise Duty and then
calculated 2% of above total.
We can refund to Excise Duty also
| Is This Answer Correct ? | 11 Yes | 10 No |
Answer / aditi chatterjee
CST IS CENTRAL SALES TAX.... APPLICABLE FOR ONLY INTER STATE
LEVEL SALE... TAX IS 2@ ON SALE... THERE IS NO PROBABILITY
OF CREDIT PAY AS LIKE VAT INPUT CREDIT PURCHASE... SINGLE
POINT TAXATION APPLIED HERE.... FOR THAT THE FIRST TIME THE
TWO REGISTERED DEALER SELLING FORM 'C' IS ISSUED TO STOP
MULTI POINT TAX ARISING... SO, NO CREDIT IN CST.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / j venkataramana
we adjusted cst amount only on sales if there is surplus the remaining amount will be adjusted in the next time sale
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / cadilipgupta@gmail.com
we can adjust amount of CST against input tax credit(itc). for eg. if we have interstate sale(CST),local purchase(on itc available) and local sale(out put vat)
vat payable=out put vat on local sale-input tax credit available at the time of local purchase
cst payable =cst on interstate sale- ITC if there is amount left after adjust of out put vat
| Is This Answer Correct ? | 0 Yes | 0 No |
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can we take input credit on interstate purchase, which is not against 'c' form. Party had charged full tax amount (cst 4%)
Audit 
