how to calculate cst?
is it adjust with input cst and output cst?
give an example.

Answers were Sorted based on User's Feedback



how to calculate cst? is it adjust with input cst and output cst? give an example...

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

how to calculate cst? is it adjust with input cst and output cst? give an example...

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

how to calculate cst? is it adjust with input cst and output cst? give an example...

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

how to calculate cst? is it adjust with input cst and output cst? give an example...

Answer / dharmendra

I am too confused?

Is This Answer Correct ?    0 Yes 0 No

how to calculate cst? is it adjust with input cst and output cst? give an example...

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

how to calculate cst? is it adjust with input cst and output cst? give an example...

Answer / punita kumari

i think input cst tax adjustment with output cst tax.

Is This Answer Correct ?    11 Yes 51 No

Post New Answer

More Taxation Interview Questions

when sales made in 2% cst against c-form, the buyer issue the c form to the seller, what the seller made on these c form , how can the seller benefited by the c form?

3 Answers  


How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.

0 Answers  


we have recd. 2 c form agn. 1 qtr so can we issue 2 e-1 form

1 Answers   ABC,


What is a deffered-tax liability?

0 Answers  


CAN MINOR GET PAN AND FILE THE RETURN?

3 Answers  






How can I calculate Depriciation on Fixed AND CURRENT ASSESTS ?

4 Answers   Travel Plan,


Pass a entry for purchase a material for Rs. 2000 inclusive of VAT @ 4% on Rs. 1500 & @12.5% on Rs. 500 with narration

10 Answers  


what is CST % applicable on garments sales to other state?

0 Answers  


And If my Income is 300000 p.a., so what tax I have to be deposit,explain with the method of tax calculation in detailed?

6 Answers  


HOW TO MAKE BALANCE SHEET OF PROPRIETOR? IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET? PLS ANSWER ME.

3 Answers   Reliance, Vodafone,


Excisable material sold without charging excise duty, Now after 3 months, I am issuing Suplimantary bill to party for Excise payment, now please tell me the interest need to pay for this and also is there need to pay interest if i have sufficiant amount of cenvate credit balance in these 3 months.

2 Answers   Reliance,


WHERE I NEED TO FILE CST PAYMENT? Can i file along with vat returns? what is the due date for every month?

1 Answers   Essar,


Categories