CENTRAL SALES TAX
This query is : Resolved
27 November 2008
Dear Members
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?
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.
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.
27 November 2008
how can receive the paid tax? any idea
27 November 2008
Adjust it in next period liability
27 November 2008
next liability exceeds six months what my possition
26 January 2009
What I understand, you are registered as
dealer under state as well as Central Sales
Tax.
The provision for allowability of Goods
return is six months. The return is
wihin the permissible limit.
You are entitled to adjust the
refund of CST due to return og
goods in next CST or Local VAT payment.
dealer under state as well as Central Sales
Tax.
The provision for allowability of Goods
return is six months. The return is
wihin the permissible limit.
You are entitled to adjust the
refund of CST due to return og
goods in next CST or Local VAT payment.
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