Dvat/cst return revised

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2013 Dear Experts ,

Please reply my query that if a Sales tax registered deals falls in category of quarterly Return under Dvat & Cst to file. Suppose he sold the goods in Jan 2013 Under CST @2% agst C Form to purchasing party ( state sales tax rate @5% on that item)and filed Dvat & Cst return (qtr- Jan-Mar 2013)in April 2013 as per scheduled time and later on in middle of Aug 2013( after six months of sale date) say purchasing party to whom goods were sold return the goods of full value of half of the value . whether in this purchasing party will issue C form to the selling party and whether Sales Tax return to be revised of Jan-Mar 2013 or not. what treatment of sales return to be made in sales tax return(s) in which year and in books. Please reply.

Anil Jain
9312640067

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=596003

MJ Krishnamurthy

MJ Krishnamurthy (Expert)

16 February 2013 Mr Author,
In this case,you should have furnished the 'C' form while submitting the return for the quarter of jul-sep.The return of goods,if in full,declare the sales return refering to the invoice and date and close the transaction. No 'C' form is required from the buyer. If he returns half of the products purchased by him,let him send necessary documents for returning them i.e. debit notes,a letter,delivery note etc,and issue 'C' form for the balance value of goods accepted by him. Sales return can be declared in the return and accounted accordingly,keeping the documents for record.....

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