CST charged at 5% and 3% instead of 2%
This query is : Resolved
Mayur Kulkarni
(Querist)
08 July 2011
I have following query.
Because of internal problem of system, CST charged to the customer is in some cases 3% and in some case it is charged at 5%. This happened in the month of Jan 2011, march 2011 and June 2011.
So my query is what is risk in this and now what should be done?
Please reply urgently.
Because of internal problem of system, CST charged to the customer is in some cases 3% and in some case it is charged at 5%. This happened in the month of Jan 2011, march 2011 and June 2011.
So my query is what is risk in this and now what should be done?
Please reply urgently.
U S Sharma
(Expert)
08 July 2011
you have to file return with 2% ( correct cst) and claim refund of excess CST paid,
you have to issue credit note to client ( buyer) for diff of CST
you have to issue credit note to client ( buyer) for diff of CST
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Gift to nri relatives residing in usa
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
