Sales return in cst


This query is : Resolved 

17 July 2008 If my current sales are @2% and i have sales return of last period which were @3%
how do i adjust them? Also if i subtract the sales return from current sales at what rate should i charge my net sales?

17 July 2008 U can adjust as simple way as previously you are doing & deposit balance tax.

at the time of filing CST Return u can adjust in SL.No.14. (Adjustment of Excess Tax Credit under DVAT towards CST Liability (Refer item R 9.1 of DVAT-16 return):

Give a brief at the time of assesment to STO.
its a techinal problem.

28 September 2008 If your original sales was made in previous year (Fy 2007-08), goods returned even in current year will be adjusted against sasles of 2007-08.

28 September 2008 as per supreme court judgement in the case of State of Kerala Vs Richardson Hidnustan Limited [1983] 53 STC 99, goods sold in previous year, returned in assessment year, deduction cannot be claimed in the assessment year. It has to be claimed in the previous year only.


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