O.M.S. Purchase & sales

[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.

AI Summary

CST Applicable on Interstate Sales; Input Tax Credit Possible for In-State Purchases Under CST Act, 1956. Consult Experts. A business owner in the plastic molding industry, operating across India, inquired about the applicability of CST on total sales tax and potential rebates from purchase tax. A consultancy firm responded, clarifying that CST is applicable on interstate sales under the CST Act, 1956. For purchases within the state, the business may avail Input Tax Credit if the purchased items are listed in the Registration Certificate for both VAT and CST. The consultancy advised verifying the material facts and consulting a tax expert before claiming Input Tax Credit.