https://www.taxtmi.com/forum/issue?id=106333 Reverse input tax credit for CST 2 percent turnover by prorating input tax across purchase-rate heads and calculating reversal for each head as the input tax attributable to that head multiplied by the ratio of CST taxable turnover to total sales (sales figures excluding VAT/CST); deduct the aggregate reversal from total input tax to determine balance credit available against output VAT while CST is discharged separately. en-us Thu, 19 Dec 2013 11:18:18 +0530 Thu, 23 Jan 2025 15:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106333 Reverse input tax credit for CST 2 percent turnover by prorating input tax across purchase-rate heads and calculating reversal for each head as the input tax attributable to that head multiplied by the ratio of CST taxable turnover to total sales (sales figures excluding VAT/CST); deduct the aggregate reversal from total input tax to determine balance credit available against output VAT while CST is discharged separately. Discussion-Forum VAT / Sales Tax Thu, 19 Dec 2013 11:18:18 +0530 https://www.taxtmi.com/forum/issue?id=106333