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
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