CST SALES RETURN

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ST SALES RETURN<br> Query (Issue) Started By: - venkat eswaran Dated:- 18-6-2014 Last Reply Date:- 18-6-2014 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Experts, WE got our CST sales rejecte....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d matls after 2 years. Since it is more than 6 months we are not able to reverse the CST 2 percent paid amount, but we need to account in sales return. we have accounted in sales return without rever....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sing CST 2 percent . My question is whether we have to show this transaction in CST Return or Not? Since no CST is revresed. Please give your valuable reply Thanks & regards Venkat Reply By Pradee....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....p Khatri: The Reply: Dear Venkat, You are statutorily required to show such rejected material in the Statutory Returns, though no benefit of tax would be available to you. If you do not incorporate ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....in your CST Return, then, Department may treat it as purchases from unregistered dealers and may ask to pay the tax on such purchases. You would have to establish one to one correlation in this regar....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d at the time of conducting VAT/CST assessment with documentary evidences. Regards, Team YAGAY & SUN (Management & Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....