CST PURHASE RETURN

[venkat eswaran]

Dear Experts,

We have our mfg plant at Chennai. We have returned our CST purcased goods after 1 year.

For this we have raised our invoice and chrgd excise duty and 2 percent CST in invoice.

So I need pay this CST 2 percent to the government and show in Return also I am right?

when filing form 1C [ CST return in TN] in appendix II how can i show this transaction.

We have our CST sales  and showing this in Appendix II and form 1C. For this CST purchase return how can i show and pay the CST amount?

Pl given your valuable replies

Thanks & regards

Venkat

[YAGAY andSUN]

Dear Venkat,

The procedure adopted by you is according to the provisions of CST Act, 1956 read with Rules made thereunder.

You would also not issue the CST C form for rejected purchased items. For incorporating the information in the Form 1C, please take the help of your consultant or discuss it with the VAT Department Authorities.

Regards

Team YAGAY & SUN

(Management & Indirect Tax Consultants)

AI Summary

Clarification on CST for Returned Goods: Pay 2% CST, No C Form for Rejected Items, Consult for Form 1C Reporting. A manufacturing plant in Chennai returned goods purchased under the Central Sales Tax (CST) after one year, raising an invoice with excise duty and 2% CST. The query seeks clarification on whether the 2% CST must be paid to the government and how to report this in the CST return form 1C in Tamil Nadu. The response confirms the procedure aligns with the CST Act, 1956, and advises not issuing a CST C form for rejected items. It suggests consulting a tax advisor or VAT authorities for incorporating the transaction in Form 1C.