Urgent - central sale tax excess deposited
This query is : Resolved
02 December 2011
Dear All,
We are registered in DVAT Act. We have wrongly Central Sale Tax by Rs. 80000/- due to clerical mistake for the month of October 2011.
Now excess cst paid whether can be carry forward to next month return or should be taken refund for the same.
Please also tell procedure for the same. As there is no column in Form 1 regarding carried forward option of tax or refund of tax as per dvat rule.
Matter is urgent
With Regards
Subhash Chander
98915 28915
We are registered in DVAT Act. We have wrongly Central Sale Tax by Rs. 80000/- due to clerical mistake for the month of October 2011.
Now excess cst paid whether can be carry forward to next month return or should be taken refund for the same.
Please also tell procedure for the same. As there is no column in Form 1 regarding carried forward option of tax or refund of tax as per dvat rule.
Matter is urgent
With Regards
Subhash Chander
98915 28915
02 December 2011
Mr. S Chander,
You can file a revised return and show the already wrongly paid amount as excess. This excess amount of CST can be adjusted in the return of Nov,11 or any other month. Under all VAT laws there shall be a provision to c/f any excess input tax credit and also excess payments.
MJK
You can file a revised return and show the already wrongly paid amount as excess. This excess amount of CST can be adjusted in the return of Nov,11 or any other month. Under all VAT laws there shall be a provision to c/f any excess input tax credit and also excess payments.
MJK
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
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Merchant Export Accounting
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
