My client has made CST sale against C form (2%) in the month of march 2013, but he got his VAT/CST registration in the month of April 2013. Now he got C form from the parties to whom he made sale in March 2013. Now what should we do while filling return- we should include that sales in our April-june quarter or ignore it? Please reply on urgent basis
27 June 2014
Basically your client is supposed to make CST sale only after CST registration. How he can bill without CST registration ? This is a fundamental over rule of the CST provision.
However, he is having only one option to declare the sale and get it accounted in Mar 2013. What ever tax collected shall be deposit to the commercial tax department along with the applicable rate of interest and penalty. By the way which state he belongs to ?
CAclubindia
