Input tax credit for CST

[KARAN VERMA]

Sir, if I bought any item CST paid and also sold such item outside the state on which CST attract on sale.

Can I adjust CST input credit paid on purchase with CST output liability.

[Ganeshan Kalyani]

Sir, I hope your query is with respect to GST and not CST - Central Sales Tax.

[KARAN VERMA]

No, this is for central sales tax.

AI Summary

Clarification on Adjusting Input Tax Credit Against CST Output Liability for Out-of-State Sales Under CST Rules. A user inquired about whether input tax credit paid on Central Sales Tax (CST) purchases can be adjusted against CST output liability when selling items outside the state. A respondent initially misunderstood the query as related to Goods and Services Tax (GST) but was corrected by the original poster, clarifying that the question pertains specifically to CST. The discussion focuses on understanding tax credit adjustments under CST regulations.