C form reduced

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This query is : Resolved

KALESH BAROD (Querist)

29 June 2012 Dear Sir,

1. Company has sold goods to M/s Imperial Auto Industries, Pantnagar during last qtr of 2009-10 raised invoices accordingly. The customer acknowledge the purchase and issue the “C” form for such purchases.

2. We have submitted the “C” form to appropriate authority and our sales tax assessment has already completed for 2009-10.

3. The customer has returned material worth Rs.918000/- vide invoice dated 06/04/2010 and reduce the value from the total sale invoices of QTR 1st of 2010-11 and send c form from reduce amount.

4. As the sales return is pertaining to previous year and our first sales in 2010-11 is on 16/04/2010., can we will be able to explain the deduction of Rs.918000/- to authority while reconciling the sales of the year 2010-11

In case yes that please guide us how to show in the return

Thanks & Regards

Kamlesh Barod

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)

02 July 2012 If the sales return is within 6 month , you can deduct the sales return from your CST sale of 10-11.

Pay only differential dues. but keep all the documents ready like debit note and all

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