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please explaine the procedure cst calculation if we got
credit?
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Answer Posted / 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
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