CST refund after payment

[madhavvan n]

for claiming reimbursement of CST in case of an EOU is it necessary that only after payments of entire amounts to suplliers can the cst refund be claimed pls clarify

[RadheyShyam Mangal]

Normally the cst reimbursement is made after payment of entire amount of the invoice, however in case payment is to be made in installment, then claim can be made within 6 months from the quarter in which final payment is made.in case of deduction in invoice it is advisable to get revised invoice for reduced amount. For the invoices for which payment in full is not made, u can consider for supplementary claim after full payment, which may be considred as per para 9.4 of the HBP vol I

[Rama Krishana]

See the condition no. (iv) of the Appendix 14-I-1, which states that, "Claims shall be admissible only if payments are made through the bank accounts maintained by EOU / EHTP/ STP unit or DD emanated from its accounts." So an EOU has to make payment before claiming refund of CST.

AI Summary

CST reimbursement: payment through the unit's bank account required before refund; instalment claims allowed within prescribed period. CST reimbursement for export-oriented units is admissible only after actual payment, with instalment payments permitting a claim only after final payment and within the prescribed filing period; deductions should be corrected by revised invoice and supplementary claims pursued post-payment. Claims must be supported by payments made through the unit's bank account or by demand draft from that account as a condition of admissibility.