Cst credit?????

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This query is : Resolved

PIYUSH SANCHETI (Querist)

10 April 2014 My company sold the gods as an interstate sale by charging CST in 2011 however in 2013 the same customer did not make the payment but our company had the liability to pay CST at the time of credit in 2011 Now in 2013 the same goods are returned as a sale return Now my query is that whether we can get the credit for CST paid at the time of returns Please mention the Section number being referred.

Vishnu Saboo

Vishnu Saboo (Expert)

12 April 2014 time limit for sale return is 6 months. refer section 8(1)(b)(ii) of CST act.
if sale return is made within prescribed period, then only tax amount can be adjusted.

Rupesh Jain

Rupesh Jain (Expert)

19 April 2014 YOU CAN NOT GET BENEFIT OF GOODS RETURN

ONLY SOLUTION THAT YOU GET C FORM FOR 2011
AND NOW YOU MAKE PURHCASE FROM THAT PARTY AND ISSUE C FORM TO PARTY.

Vishnu Saboo

Vishnu Saboo (Expert)

19 April 2014 Mr Jain, Query allready solved why you replying again on all queries?

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