A company whose financial year ends on 30/09/2013 have sold goods of Rs. 10 crore to a client against form C .Sales tax has been charged and deposited to authorities .Now that client has returned the goods in the m/o of January 2014.

Now my query is what will be the treatment of tax charged and deposited against form c .and since the financial year of the company has been closed how this transaction of goods return will be shown in the books of accounts.Does it also make difference if the goods have been returned with in 6 month from sale and also if it is returned beyond six months of sale.

Thank you!

Dear All,

One of my client is having registered office in mumbai, it has purchased maize(exmpt under maharashtra vat) from Andra Pradesh through through dealer in AP and sold the same in Andra Pradesh through to company registered in Maharashtra, now I want to ask that while filling the return under MVAT whether turnover of above sales will be included in total turnover? If Yes, than under which head I will reduce the same from gross turnover as it is a exempted goods?

WE HAVE VAT RECEIVABLE OF CURRENT YEAR AND WE HAVE PURCHASTE GOODS FROM SOME OTHER STATE AND PAID CST ON THEM.. SO WE CAN CLAIM INPUT TAX CREDIT ON CST PAID OR NOT..UNDER MVAT..

THANKS IN ADV

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Dear experts

I want to know if we send materail to our job worker for job work. but job worker add his own material to with our material which is we send to job work.
& he charge % cst on bill amount of adding his own materail with our material & sperately show in bill amount like

qty 100*5 job work chgk = 500/-
& charge cst on 500*75% on =375*2%=cst7.5/- total bill amount = 507.5/-

my qyuestion is we are liable to give c form or not to job worker

please explain or provide some referance

urgent reply please

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