The message is clear. If C Forms are not submitted during assessment of any financial year, the dealer is usually asked to reverse the state’s VAT input credit available at that time, and if no credit available, then the dealer would have to pay the difference of tax between original CST rate and the state’s VAT rate. But the Central Excise input credit available in the books will remain untouched by the VAT authorities for non submission of such forms. So, carrying forward of Excise Credit has nothing to do with C/H Forms and no details need to be given since it goes only to CGST Credit Ledger. In case of carrying forward of VAT balance credit to SGST, the dept of GST wants to ensure cent percent correctness and so complete details of C Forms received and pending (the total should match with the taxable turnover for the period) need to be given in column under 5 (b) and (c). It may be noted window for filling the details of C Form opens only in State/UT Tax and not in Central Tax.
CAclubindia
