obalreddy (accountant) (282 Points)
17 July 2010Hello 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
------------------------
Total 1,47,900-00
But 2900-00 is returnable or not. ?
Thankin you
GOREDDY
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 17 July 2010
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
| Originally posted by : kanagaraj | ||
 |
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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Somshekar (Rankholder)
(-)
(158 Points)
Replied 17 July 2010
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
Amit Gupta
(Loosening Myself)
(1508 Points)
Replied 17 July 2010
iT IS TO BE paid to govt..however in case if any unadjusted vat receivable is pending u can adjust it for vat receivable.
vivek
(CA)
(74 Points)
Replied 20 July 2010
CST payable can not be return and the amount paid also cannot be utilized towards input credit.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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