TNVAT ITC reversal for CST 2% sales - VAT - CST - GST

[Asked by Guest]

Dear All

ITC Reversal of CST sales formula given by our CTO is =(ITC*cst sales/total sales )*(3/5or 14.5 applicable). in My doubt is Total sales = 5%+14.5%+Export sales+ CST 2% sales is it correct ? and

Our CST Sales included own manufacture sales products + imported traded item. while taken of CST sales of ITC reversal whether i will taken both or only manufacture sales

i request pls provide the reply

AI Summary

ITC reversal for CST sales requires adjusting input tax credit only for manufactured goods based on all-sales denominator.
The proportional ITC reversal formula uses total sales including VAT, CST and exports, but both the denominator (total sales) and the CST-sales numerator must be limited to sales of manufactured goods; where a dealer sells both manufactured and traded imported items, ITC reversal is required only for manufactured goods because ITC is claimed on in-state purchases used in manufacture.