imported goods and applicable CST
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2011
Sirs,
I have imported one goods from Netherlands for EURO 1138 and the customs duty invoice produced by the transporter ( FED EX) shown assessable value- Rs. 85,969.00, BCD- 10 %, CVD- 10 %, CESS- 3%, EDU CESS 3 %, SAD- 4%. Grand total of duty- Rs. 23082.00. Now this material I have sold under 2% C.S.T. against - C-Form. Now, the question is shall I get any tax benefit during calculation of my C.S.T. return for that quarter?
Please reply.
Thanks.
I have imported one goods from Netherlands for EURO 1138 and the customs duty invoice produced by the transporter ( FED EX) shown assessable value- Rs. 85,969.00, BCD- 10 %, CVD- 10 %, CESS- 3%, EDU CESS 3 %, SAD- 4%. Grand total of duty- Rs. 23082.00. Now this material I have sold under 2% C.S.T. against - C-Form. Now, the question is shall I get any tax benefit during calculation of my C.S.T. return for that quarter?
Please reply.
Thanks.
Ram Avtar Singh
(Expert)
28 January 2011
CST is your libility imported goods sold by you. now deposit to govt.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
