https://www.taxtmi.com/forum/issue?id=109867 Purchase tax is a distinct levy on purchases from unregistered dealers, imposed to maintain the value addition chain and not directly adjustable against output VAT/CST as ITC. Purchase tax paid may be recovered as input tax credit only when the goods are subsequently sold with VAT or CST payment; it is not available as ITC for stock transfers or disposals that do not attract VAT/CST. en-us Fri, 12 Feb 2016 11:59:12 +0530 Thu, 23 Jan 2025 15:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109867 Purchase tax is a distinct levy on purchases from unregistered dealers, imposed to maintain the value addition chain and not directly adjustable against output VAT/CST as ITC. Purchase tax paid may be recovered as input tax credit only when the goods are subsequently sold with VAT or CST payment; it is not available as ITC for stock transfers or disposals that do not attract VAT/CST. Discussion-Forum VAT / Sales Tax Fri, 12 Feb 2016 11:59:12 +0530 https://www.taxtmi.com/forum/issue?id=109867