C from
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2013
i have the following query regarding vat audit:
In the f.y. 2012-13,one of my client has made one CST sale @2 %.
but now client is not going to that C form ,and client is ready to pay the differential amount i.e.3% with interest.
but in this case there is already vat refund,can i adjust this liability against vat refund,and can i consider CST 2% sale as CST 5% by revising the VAT & CST return.
PLEASE HELP ME AS SOON AS POSSIBLE
In the f.y. 2012-13,one of my client has made one CST sale @2 %.
but now client is not going to that C form ,and client is ready to pay the differential amount i.e.3% with interest.
but in this case there is already vat refund,can i adjust this liability against vat refund,and can i consider CST 2% sale as CST 5% by revising the VAT & CST return.
PLEASE HELP ME AS SOON AS POSSIBLE
31 December 2013
Treat sales against c form as full rate sale.
And adjust the tax liability against input tax credit.
So ultimately refund will be reduced
And adjust the tax liability against input tax credit.
So ultimately refund will be reduced
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