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Central sales Tax

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(Querist)
05 October 2007 Can any adjustment be made in the ledger Accounts against CST paid on purchase & recived on Purchase.
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Ravikumar.G

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Ravikumar.G (Expert)
05 October 2007 I could not understand your question. Can you please repeat that question.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
06 October 2007 No, adjustment of CST is not allowable.
CST paid is saperate from CST Recoverd(Deducted)
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KAAPIL

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KAAPIL (Expert)
12 November 2007 Thanks
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
19 November 2007 CST Paid on purchases is expenses. CST collected or to be collected on sales is statutory liability. No adjustments.

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