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
------------------------
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,
you have to deposit 2% tax (2900)
| 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 |
 |
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.
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
CCI
Pro
CAclubindia
