can i take input tax credit on inter state purchase? reply
breifly.
Answer Posted / kumar
NO YOU CANNOT TAKE CREDIT ON CST PURCHASES MADE, BECAUSE OF IT IS BENEFICIAL TO SELLER'S STATE , NOT TO PURCHASER'S STATE.
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
What will be the planned expenditure in the budget 2009-10
how to calculate vat, st, cst, excise duty, customs duty, tds.
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)
How to adjustment of CST ? and also tell me about C-Form affairs ?
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana
who will able to deduct the tds
What is Labour Cess? Pl. define. & what is rate of Labour cess.
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
What is FBT & Service Tax Remittances?
What is CAARO?