Pankaj Arora (Learner) (3134 Points)
22 December 2010
Dear All
1.what documents are require for cst return and in which form file cst return?
2. we billed abc co. of Rs.16000 Plus 500 Freight Charges = 16500/- but the party issue form c of 16000/- so what we have to do now bc party issue lesser amount c form. Will sales tax dept. not accept it or we have to pay tax on it.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 22 December 2010
Form 1 is the document to file CST Return
Just check whether Freigt amount is charged before CST or after CST .If Freight is charged after CST the Form value given by the party is correct else ask them to give revised Form
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 22 December 2010
| Originally posted by : pankaj | ||
 |
Dear All 1.what documents are require for cst return and in which form file cst return? 2. we billed abc co. of Rs.16000 Plus 500 Freight Charges = 16500/- but the party issue form c of 16000/- so what we have to do now bc party issue lesser amount c form. Will sales tax dept. not accept it or we have to pay tax on it. |
 |
Freight charges added after the CST calculation are not added in C form.
Pankaj Arora
(Learner)
(3134 Points)
Replied 22 December 2010
Is cst return file quarterly or half yearly? And suppose one party is not giving c form amt is rs.15000/- so we have to pay tax on it ? and what is interest rates on late filing of return?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 22 December 2010
| Originally posted by : pankaj | ||
|
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Is cst return file quarterly or half yearly? And suppose one party is not giving c form amt is rs.15000/- so we have to pay tax on it ? and what is interest rates on late filing of return? |
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CST return is quarterly, late submission will invite upfront penalty upto 2000/-
interest is 1.5% per month or part thereof.
yes the seller has to pay diff of tax for which C forms are not recived.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 22 December 2010
next calander month of end of each quarter ended june/sept/dec and march
so the dates of return is april/july/oct/jan
CAclubindia
