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Can CST purchases be shown in VAT returns??


Ashwini (CA Final student)     21 February 2011

Ashwini
CA Final student 
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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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avater

Devendra (Chartered Accountant)     21 February 2011

Devendra
Chartered Accountant 
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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

avater

CMA Sameer Epari (CA Final Student)     21 February 2011

CMA Sameer Epari
CA Final Student 
 19 likes  408 points

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

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

avater

Abishek (Student)     21 February 2011

Abishek
Student 
 62 likes  1108 points

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

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praveen (Chartered Accountant)     22 February 2011

praveen
Chartered Accountant 
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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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Nitin Grover (CS)     22 February 2011

Nitin Grover
CS 
 116 likes  1128 points

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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

avater

subramanya (Professional)     23 February 2011

subramanya
Professional 
 63 likes  897 points

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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

Ashwini (CA Final student)     25 February 2011

Ashwini
CA Final student 
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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??

avater

DAYANANDA K N (ACCOUNTS EXCECUTIVE)     25 February 2011

DAYANANDA K N
ACCOUNTS EXCECUTIVE 
 81 likes  575 points

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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.

swati (accountant)     29 August 2012

swati
accountant 
 25 points

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


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