Cst reversal under tamilnadu vat
This query is : Resolved
19 May 2014
I have taken the formula for CST Reversal as:
ITC * CST Sales/Total Sales * 3/5 or 3/14.5
1) My query is whether Formula is correct?
2) Whether the Total sales includes consignment sales (shown as exempted sales in Form I) or we have to separately calculate CST reversal for consignment sales?
3) If calculated separately then what will be the formula
Please solve this query as soon as possible
ITC * CST Sales/Total Sales * 3/5 or 3/14.5
1) My query is whether Formula is correct?
2) Whether the Total sales includes consignment sales (shown as exempted sales in Form I) or we have to separately calculate CST reversal for consignment sales?
3) If calculated separately then what will be the formula
Please solve this query as soon as possible
19 May 2014
Visit the following link:-
https://www.tnvat.gov.in/
https://www.tnvat.gov.in/
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
