Excess payment of cst then the actual amount to be paid.

This query is : Resolved

CA Vandana Rathi (Querist)
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05 November 2014 My client had paid more amount of CST then what was payable.And secondly the amount was shown under Net amount Refundable head as there is no option to carry forward excess CST paid.

For eg:-
In month of July there was CST payable of Rs 1,50,000/- and CST actually paid was Rs 2,00,000/-. Balance 50,000 was shown as Net amount Refundable.

In month of Aug, if there is CST payable of Rs. 1,00,000/-, can Rs 50,000 be set off against such amount payable?

If yes where to show the amount of Rs. 50,000/- in Form 3B?

And if not whats the solution?

CA JITESH KHANDELWAL

CA JITESH KHANDELWAL (Expert)
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06 November 2014 There is always an option to carry forward excess payment in form III-B. This amount only can be carried forward & claim set-off.

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CA Vandana Rathi

CA Vandana Rathi (Querist)
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06 November 2014 But as per my observation there is no such option in Form 3B.
Can you please show me the head under Form 3B where the excess amount paid can be shown so that I can adjust last month excess paid CST in current month.

CA Vandana Rathi

CA Vandana Rathi (Querist)
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07 November 2014 My client is registered under GVAT.
So kindly suggest for the above reply.

CA JITESH KHANDELWAL

CA JITESH KHANDELWAL (Expert)
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08 November 2014 Vandana I was talking about a dealer registered under Maharashtra vat act, there we hv an option to carry fwd credit.

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