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Central Sales tax (CST) query
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....entral Sales tax (CST) query<br> Query (Issue) Started By: - NINAD MARATHE Dated:- 10-2-2016 Last Reply Date:- 10-2-2016 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>Dear Sir, My query is why CS....
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....T is not cenvatable like ED and Service Tax. Reply By KASTURI SETHI: The Reply: The very purpose of leviability of CST would be defeated if Cenvat Credit is allowed on CST. However, GST when impleme....
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....nted will so many problems. Reply By Ganeshan Kalyani: The Reply: Suppose you are buying a goods within State you will have to pay full VAT applicable to that goods as per Schedule Entry of the respe....
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....ctive State VAT Act. Here when you have purchased outside the State you enjoyed concession of VAT and paid only 2% to the State from when you purchased the goods. The concessions of the tax is itself ....
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....like a CENVAT. This is my logical answer. To be professional, VAT is a State subject and CST is a Central levy though taxed and retained by State. Hence cross credit I.e setting of Central tax with St....
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....ate tax may not be justifiable. That is why CST is not Cenvatable. I welcome views of other experts to through some light in this aspect. Thanks.<br> Discussion Forum - Knowledge Sharing ....