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CST carryforward credit

23 September 2017

we have paid excess of Rs. 600000/- cst in the month of June, 2017, how can we can we adjust the amount in July 2017 gst remittances

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9 Replies

CA S. S. Rawat (Chartered Accountant) (30 Points)
Replied 23 September 2017

Refund will be made by respective vat department

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Abhiram Vaidya (41 Points)
Replied 23 September 2017

can't we adjust that cst as carry forward credit in Tran 1 return

RAMESH KUMAR SINGLA (PROFESSIONAL) (1777 Points)
Replied 23 September 2017

First of all, migrate to GST and then carry the balance credit forward in the GST regime which can be used for payment of appropriate taxes on supply of goods/services by you.

CA S. S. Rawat (Chartered Accountant) (30 Points)
Replied 23 September 2017

Only input can be carry forward to GST, no credit of excess payment allowed.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 23 September 2017

Originally posted by : S S Rawat
	Only input can be carry forward to GST, no credit of excess payment allowed.

Yes. I fully agreed with Mr. S S Rawat...

In case it's your ITC (VAT Purchase tax) then file TRAN 1 Form in GST..

If not, It's your Advance Tax or CST Tax then no need claimunder GST. You get refund from Your State VAT...

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Abhiram Vaidya (41 Points)
Replied 23 September 2017

thank you very much for your valuable information

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 23 September 2017

You are most Welcome Mr Abhiram Vaidya...

mahendra sahoo (Gst Practicion) (700 Points)
Replied 23 September 2017

Mr. Raja, how to claim such excess payment of CST from respective DEPT? Please specify the procedure

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 24 September 2017

Originally posted by : mahendra sahoo
	Mr. Raja, how to claim such excess payment of CST from respective DEPT? Please specify the procedure

You ll be give the letter for Refund of excess paymemnt/Advance Tax/Deposit amount. They have your payment receipts, Transaction details and Returns. You can submit then they ll process your refund request...

GOOD LUCK