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TMI BlogCentral Sales tax (CST) queryX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, My query is why CST is not cenvatable like ED and Service Tax. - Reply By KASTURI SETHI - The Reply = The very purpose of leviability of CST would be defeated if Cenvat Credit is allowed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on CST. However, GST when implemented will so many problems. - Reply By Ganeshan Kalyani - The Reply = Suppose you are buying a goods within State you will have to pay full VAT applicable to that goo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds as per Schedule Entry of the respective State VAT Act. Here when you have purchased outside the State you enjoyed concession of VAT and paid only 2% to the State from when you purchased the goods. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The concessions of the tax is itself like a CENVAT. This is my logical answer. To be professional, VAT is a State subject and CST is a Central levy though taxed and retained by State. Hence cross cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edit I.e setting of Central tax with State tax may not be justifiable. That is why CST is not Cenvatable. I welcome views of other experts to through some light in this aspect. Thanks. - Central Sales ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax (CST) query - Query Started By: - NINAD MARATHE Dated:- 10-2-2016 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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