CST adjustment
This query is : Resolved
30 June 2010
Dear Sir
Please let us know, if we sell a quantity of 1000 KGS of material @ Rs. 150 per KGS on 2% CST to a party. But due to some reason same goods is returned back by them, then are we liable to pay CST for the said transaction or CST will be adjusted against the same? If partial goods is returned, what we are supposed to do for CST?
Awaiting your earlier reply.
Please let us know, if we sell a quantity of 1000 KGS of material @ Rs. 150 per KGS on 2% CST to a party. But due to some reason same goods is returned back by them, then are we liable to pay CST for the said transaction or CST will be adjusted against the same? If partial goods is returned, what we are supposed to do for CST?
Awaiting your earlier reply.
30 June 2010
AGREED, SAME CST WILL BE REVERSED WHICH YOU GOT AT THE TIME OF PURCHASE . I.E NO NEED TO PAY CST FOR GOOD RETURNED.
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