Question { 17166 }

please explaine the procedure cst calculation if we got
credit?

Answer

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