how to calculate cst?
is it adjust with input cst and output cst?
give an example.
- 6 Answers
- 31606 Views
- Suven Life Sciences, Vikas, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 96 Yes | 16 No |
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)
| Is This Answer Correct ? | 33 Yes | 3 No |
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.
| Is This Answer Correct ? | 9 Yes | 8 No |
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.
| Is This Answer Correct ? | 0 Yes | 4 No |
Answer / punita kumari
i think input cst tax adjustment with output cst tax.
| Is This Answer Correct ? | 11 Yes | 51 No |
what is the process of filing the return (both)
if waybill issued by consignor , then c form issue whose responsibility?
0 Answers Saira Bath Concepts,
How to entry pass tds of sundary debotors
can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case
What is the percentage of CST on Hire Charges(Hire machinery - if suppose we hired one Crusher from West Bengal state's party), Please give clarification?
Tell me the meaning of VAT (TDS) When it will be applicable? & rate of VAT TDS
6 Answers Gherzi Eastern, HCL,
IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.
what is f form & please give me some examples when this is used
WHAT IS PENALITY FOR LATE SALE TAX RETURN
what is vat.how it calculated.example i purchased Rs.5000.how much percent charged vat.how post entry
if i baught an house @ 1500000 by cash or by cheque for self use then how much tax i liable to pay? if my annual income is not taxable, and the buying power came from earliar old property. plz clearify all asked in one private co.
if i sale goods on dt 30.06.09 but calcutta party received it on 07 july ,so the party issue to form C for which quarter
Audit 
