imported goods and applicable CST
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2011
Sirs,
I have imported one goods from Netherlands for EURO 1138 and the customs duty invoice produced by the transporter ( FED EX) shown assessable value- Rs. 85,969.00, BCD- 10 %, CVD- 10 %, CESS- 3%, EDU CESS 3 %, SAD- 4%. Grand total of duty- Rs. 23082.00. Now this material I have sold under 2% C.S.T. against - C-Form. Now, the question is shall I get any tax benefit during calculation of my C.S.T. return for that quarter?
Please reply.
Thanks.
I have imported one goods from Netherlands for EURO 1138 and the customs duty invoice produced by the transporter ( FED EX) shown assessable value- Rs. 85,969.00, BCD- 10 %, CVD- 10 %, CESS- 3%, EDU CESS 3 %, SAD- 4%. Grand total of duty- Rs. 23082.00. Now this material I have sold under 2% C.S.T. against - C-Form. Now, the question is shall I get any tax benefit during calculation of my C.S.T. return for that quarter?
Please reply.
Thanks.
28 January 2011
CST is your libility imported goods sold by you. now deposit to govt.
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