REGARDING CST RETURN

[Asked by Guest]

we had issue only one credit note in the quarter July-sep'14 of one of our CST party. No invoice was done in this quarter. how do i show in CST annexure as this is a negative amount.

[YAGAY and SUN]

Dear Ranjit,Please submit this information in escalation/de-escalation in price column.RegarsYAGAYand SUN(Management, Businessand Indirect Tax Consultants)

AI Summary

CST return reporting: report a negative credit note under escalation/de-escalation price column when no invoice exists.
When a credit note is issued to a CST party in a period with no invoice, report the negative amount in the CST annexure by entering it in the escalation/de-escalation (price) column as an adjustment to turnover rather than as an outward invoice entry.