Answer / suresh babu (ca)

Input CST (CST Paid on purchases from Outside State)
Output CST (CST Collected on Sales made to Outside States)

Input CST is not to be adjusted with Output CST.

Answer / manohar

In My Point of View, Input CST Means Purchase Of goods from
Other State that is Income to that State Where we are
purchasing. Output CST is income of our State. So, Input CST
is not Adjustable With Output CST, But You have chance to
Adjust Output CST with Input Vat(Why Because Output CST is
income Of our State So we can Adjust it with ITC if You Had)

Answer / jagdish singh

Dear sir

I think that cst is calculate in other state while
purchasing goods as per cst act .

it is calculate against C Form receive on goods amount .
and i think about adjustment it is not adjustable by OUTPUT
VAT but it is adjust by Input CST.

Answer / dharmendra

I am too confused?

Answer / puneet grover

Vat is a state tax whereas CST is central tax, so vat is income of state govt and CST is income of central govt. Vat input is allowed input against CST output because it encourages purchases within state hence increasing the revenue of the state, whereas CST purchases is not favorable for the state so it is not allowed input against vat, but CST input can adjusted against CST payable as both are central taxes, so if you have benefitted central govt while purchasing so during sales outside state while paying to central govt, it's advantage can be taken, it's a simple logic, so CST input is allowed against CST output.

Answer / punita kumari

i think input cst tax adjustment with output cst tax.

Where show the sales return of exciseable goods?

2 Answers   AG Industries,

Please let me know the where i submit the manual tds return. & what is the proceser of etds return. Deepak

4 Answers  

if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?

3 Answers  

What is the differance between vat and tds d-vat and can we take benefit from it. for example if we sells to some one the entry is Dr. ram A/c 10000 Cr. Sales@4% 9600 Cr. Output vat@4% 400 now we received the cheque agst. sell the entry is Dr, Bank A/c 9573 Dr. Tds d-vat Receivable A/c 200 Dr. Tds Income Tax A/c 227 Cr. Ram A/c 10000 now If We recd. the Tds D-vat Certificate from our Debtor (Ram) What is the entry.....?????? and how can we get the benefit of it...???

0 Answers   Capital IQ,

x invesment in mutual fund 45000, and recd dividend of mutual fund 5000 with in year, also investment only for one year. i f final the balance sheet then how closed it?

1 Answers  

What is tds and what are its rate in different segment

2 Answers  

We are purchaseing one machine on duty of payment ( Capital Goods) in the staring of the month financial year 2009-10 at the time of purchase of machine we are not registered with the excise department. But my company registred with the excise department end of the same financial year What can we are taken cenvat credit on capital goods in the year 100% of 50% pls. given the comments or explain me all excise exparts.

3 Answers  

WHAT ARE SERVICE TAX RATES ON AUTOMOBILES PARTS

3 Answers  

which form will applicable for tds

1 Answers   Matrix,

what is the procedure for tds?

1 Answers   IBM, OPI Global,

If any payment made for purchase of computer parts (mother board , ram, monitor)say 1/100 of monthly income (if income is 1000 & expences is rs.10) than whether it is computer expence (revenue expenditure) or computer (capital expenditure). Kindly specify in detail

1 Answers  

Labour charges for Assembly and Calibration is liable for service tax, & whats the limit

1 Answers