Can CST purchases be shown in VAT returns??


CA Final student

hii....

we purchase good both within the state and from other state. But we make sales only within the state.So my question is, where  we have to show CST purchases. 


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Chartered Accountant

DEAR ASHWINI,

 

1) THE CST PAID ON CST PURCHASE CANNOT BE CLAIMED WHILE CALCULTING THE VAT LIABILITY.

 

2) CST PURCHASES ARE TO BE SHOWN UNDER THE GROUP PURCHASES AND THE CST PAID SHOULD BE SHOWN IN THE BALANCE SHEET UNDER THE HEAD DUTIES & TAXES.

 

 

REGARDS,

DEVENDRA

 
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CA Final Student

IN RETURN...? YOUR QUESTION IS NOT CLEAR.....

YES WE HAVE TO SHOW THE CST PURCHASES IN ANNEXURE ONLY...

 
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Student

CSt purchases should be mentioned in the annexures to return ... input cannot be claimed 

 
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Chartered Accountant

as said by all ....

CST paid on purchases cannot be claimed by you in your state.....

though the words used are "CENTRAL" CST is still a state affairs so logically speaking you cannot claim tax paid for a different state in your state

 
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Dear Friend

Yes you have to show entire purchase. Doesn't matter its from Inter State, Intra State or from where

Input Tax will be applicable only if its within a state and from Registered Dealer and goods must be of Business.

 

if you are from Haryana then in Vat Return you have to shown in LP - 3

 

 

Regards

 
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Professional

Ashwini,

It depends on the state VAT Forms, some of the states doesn't capture these details.

Let us know in which state VAT forms you want to capture these details.

Subramanya

 
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CA Final student

VAT form 200 (monthly vat return) of Andhra pradesh.

 

And my another question is who are liable to file cst returns??

we purchase goods within the state and from out side state but we sale goods only within the state. So now

Are we liable to file CST returns??

 
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ACCOUNTS EXCECUTIVE

In no state there is sepearte return for local sales/purchases and Interestate sales/purchases (As per my knowledge). There will be one return in which we need to give details of both interestate and within state sales and purchases.

If you are made / not made any Interestate sales than relevant block needs to updated according.

Like wise if you have made / not made Interestate purchases than relevat block needs to be updated accordingly.

 
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accountant

can we claim CST on purchase(paid )  in vat return and what about CST we charged in our Sales invoice?

 
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