Central sales Tax

This query is : Resolved 

05 October 2007 Can any adjustment be made in the ledger Accounts against CST paid on purchase & recived on Purchase.

05 October 2007 I could not understand your question. Can you please repeat that question.

06 October 2007 No, adjustment of CST is not allowable.
CST paid is saperate from CST Recoverd(Deducted)

12 November 2007 Thanks

19 November 2007 CST Paid on purchases is expenses. CST collected or to be collected on sales is statutory liability. No adjustments.


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