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

CA Kapil Verma

CA Kapil Verma (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. MOHIT SHARMA

balamurugan

madhu sudan

Deepak Nayak

Rubal Singhal

Subscribe Now

C from

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

Accountant

Manager- Finance and Compliance

Article Assistant

GST CONSULTANCY