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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2013 i have the following query regarding vat audit:
In the f.y. 2012-13,one of my client has made one CST sale @2 %.
but now client is not going to that C form ,and client is ready to pay the differential amount i.e.3% with interest.
but in this case there is already vat refund,can i adjust this liability against vat refund,and can i consider CST 2% sale as CST 5% by revising the VAT & CST return.
PLEASE HELP ME AS SOON AS POSSIBLE

CA Kapil Verma

CA Kapil Verma (Expert)
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31 December 2013 Treat sales against c form as full rate sale.

And adjust the tax liability against input tax credit.

So ultimately refund will be reduced