Hello Friends
my company sale the stock other state, recived 2% againest c form released. But My dout is my company payable 2% tax in lockal tax office and submited C Form. payable of 2% tax returneble or not please clarifed the dout.
Example:
Rack sales 1,45,000-00
C.S.T @ againest c form 2,900-00
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Total 1,47,900-00
But 2900-00 is returnable or not. ?
Thankin you
GOREDDY
DEar Reddy,
you have to pay 2% cst against c form. If you paid inexcess of 2% you have to adjust the same in next returns
Dear Sir,
| Originally posted by : kanagaraj | ||
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DEar Reddy, you have to pay 2% cst against c form. If you paid inexcess of 2% you have to adjust the same in next returns |
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Dear REDDY,
2% CST HAS TO BE DEPOSITED & IT IS NOT RETURNABLE AS IT IS CST & NO CENVAT IS AVAILABLE UNLESS BOUGHT & SOLD FROM THE STATE
iT IS TO BE paid to govt..however in case if any unadjusted vat receivable is pending u can adjust it for vat receivable.
CST payable can not be return and the amount paid also cannot be utilized towards input credit.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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