Cst refund

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Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2012 can we claim refund of cst in form 501 only..
pls tell me its urgent

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 March 2012 As per section 8(1)(b) of CST Act,If the selling dealer pays CST @ 2% or lower, he has to produce proof to his sales tax assessing authority that the purchasing dealer is eligible to get these goods at concessional rate.

If the basis of a claim for credit or refund is that a customer gave you an exemption certificate♦ after you remittedthe tax with your return, you must send copies of the ex-emption certificates, invoices and credit memoranda involved in the claim. If your customer originally paid you sales or use tax then submitted an exemption certificate requesting a credit or refund of the tax, you must send, with your claim, proof of repayment of the tax to the customer, such as a copy of the canceled check or a credit memo Submit documents in a format suitable to determine thecorrect amount of refund or credit(e.g. invoices,exemption certificates, credit memoranda, etc.)

IF YOU ARE 100% EOU UNIT THEN READ THE LINK:

https://www.caclubindia.com/share_files/cst-refund-procedures-for-reimbursement--42944.asp

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