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

This query is : Resolved

CA Vandana Rathi (Querist)
Follow

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)
Follow

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.

Message likes : 1 times

CA Vandana Rathi

CA Vandana Rathi (Querist)
Follow

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)
Follow

07 November 2014 My client is registered under GVAT.
So kindly suggest for the above reply.

CA JITESH KHANDELWAL

CA JITESH KHANDELWAL (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Pavithra Doss

vinal

CA. Urmila Mahalwal

zafar chandwale

Suranjan Das

Subscribe Now

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

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA