how to calculate cst?
is it adjust with input cst and output cst?
give an example.
- 6 Answers
- 31654 Views
- Suven Life Sciences, Vikas, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.
what is tax avoiding?
How do I get a C form with the bank Guarantee?
what is form 8? what are all the details to be collected while buying c form
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
what is excise duty and how can we mantain its account in outgoing and incoming of bill status.
In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
please tell me friends what are the formats of excise return and vat return?
What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?
accounting taxation
We have got 5 firms. Same partner only running all the firms. Salary is going from one firm. But if we go for PT registration it is asking number of employees. I don't know how to fill the form in online. Any one can help me?
I paid service tax double time due to web site problem for the year 2009-10, is there any chance to claim that amount if yes please tell me the process. thanking you.
Hello! My annual salary is @ Rs.6,00,000/-. What would be the TDS applicable for me per annum/per month. I am also contributing to EPF @ Rs.9360/-.
