Dealer enter into CST sales in two months before. But the same bill is returned for quality variation. But dealer paid CST tax in local sales tax office. How to claim the CST tax amount? Its adjusted or Refunded?
27 November 2008
If u have entered into any central sale, then you are required to get yourself registered under CST Act within 30 days from the date of transaction.
Since you had collected CST from the purchaser, you are required to deposit the same with department under CST Act.
Mistake you have commited can't be rectified nor adjusted with local sales tax. The reason being, LST excess/short can be adjusted with CST but the reverse is not allowed.
CAclubindia
