CST adjustment
This query is : Resolved
30 June 2010
Dear Sir
Please let us know, if we sell a quantity of 1000 KGS of material @ Rs. 150 per KGS on 2% CST to a party. But due to some reason same goods is returned back by them, then are we liable to pay CST for the said transaction or CST will be adjusted against the same? If partial goods is returned, what we are supposed to do for CST?
Awaiting your earlier reply.
Please let us know, if we sell a quantity of 1000 KGS of material @ Rs. 150 per KGS on 2% CST to a party. But due to some reason same goods is returned back by them, then are we liable to pay CST for the said transaction or CST will be adjusted against the same? If partial goods is returned, what we are supposed to do for CST?
Awaiting your earlier reply.
30 June 2010
AGREED, SAME CST WILL BE REVERSED WHICH YOU GOT AT THE TIME OF PURCHASE . I.E NO NEED TO PAY CST FOR GOOD RETURNED.
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- 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
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
- GST ASMT-10 time extension query
Trending Online Classes
CAclubindia
