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.

AI Summary

Input tax credit for CST questioned: whether CST paid on purchase can be offset against CST output liability.
Whether CST paid on purchases may be set off against CST payable on subsequent sales is the central query: the taxpayer asks if Central Sales Tax paid at purchase qualifies as an input tax credit that can be adjusted against CST output liability arising on sale outside the state.