O.M.S. Purchase & sales, VAT + CST

[Hasan Patanwala]

Good Day Everyone,

I am having business in Plastic Moulding ( Frames Moulding) which is carried-out all over India. I do Purchase as well as Sales within India. Do I pay C.S.T. Tax on Total Sales Tax Amount or do I get rebate from Purchase Tax also.

Posts / Replies

[YAGAY AND SUN]

Dear Hasan,

You are under obligation to pay the CST when you sell intended goods under CST Act, 1956 i.e. interstate. On purchase within State (i.e. from where you are operating) you may avail Input Tax Credit, if purchase items are incorpated in your Registration Certificate ( both in VAT & CST).

Please check material facts at your end and consult with a good Tax Consultant before availing ITC.

Regards,

YAGAY and SUN

(Management, Business & Indirect Tax Consultants)