11 February 2009
Can we adjust the Tax portion of CST Sales Return (only the sales return is less than 6 months from invoice) against CST Collected.
Kindly mention Section No of CST Act for this Exemption?
We heard that we can not adjust the Tax portion of CST Sales Return against the CST Collected, this adjustment only possible under VAT only for VAT Sales Returns (we operate from Karnataka), but we can adjust the Sales return amount only for the purpose of C Forms Collections. Is it true? Kindly clarify this.
CAclubindia
