Sales return in cst
This query is : Resolved
17 July 2008
If my current sales are @2% and i have sales return of last period which were @3%
how do i adjust them? Also if i subtract the sales return from current sales at what rate should i charge my net sales?
how do i adjust them? Also if i subtract the sales return from current sales at what rate should i charge my net sales?
17 July 2008
U can adjust as simple way as previously you are doing & deposit balance tax.
at the time of filing CST Return u can adjust in SL.No.14. (Adjustment of Excess Tax Credit under DVAT towards CST Liability (Refer item R 9.1 of DVAT-16 return):
Give a brief at the time of assesment to STO.
its a techinal problem.
at the time of filing CST Return u can adjust in SL.No.14. (Adjustment of Excess Tax Credit under DVAT towards CST Liability (Refer item R 9.1 of DVAT-16 return):
Give a brief at the time of assesment to STO.
its a techinal problem.
28 September 2008
If your original sales was made in previous year (Fy 2007-08), goods returned even in current year will be adjusted against sasles of 2007-08.
28 September 2008
as per supreme court judgement in the case of State of Kerala Vs Richardson Hidnustan Limited [1983] 53 STC 99, goods sold in previous year, returned in assessment year, deduction cannot be claimed in the assessment year. It has to be claimed in the previous year only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
