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CST carryforward credit
we have paid excess of Rs. 600000/- cst in the month of June, 2017, how can we can we adjust the amount in July 2017 gst remittances
Replies (9)
Refund will be made by respective vat department
can't we adjust that cst as carry forward credit in Tran 1 return
First of all, migrate to GST and then carry the balance credit forward in the GST regime which can be used for payment of appropriate taxes on supply of goods/services by you.
Only input can be carry forward to GST, no credit of excess payment allowed.
| Originally posted by : S S Rawat | ||
 |
Only input can be carry forward to GST, no credit of excess payment allowed. |  |
Yes. I fully agreed with Mr. S S Rawat...
In case it's your ITC (VAT Purchase tax) then file TRAN 1 Form in GST..
If not, It's your Advance Tax or CST Tax then no need claimunder GST. You get refund from Your State VAT...
thank you very much for your valuable information
You are most Welcome Mr Abhiram Vaidya...
Mr. Raja, how to claim such excess payment of CST from respective DEPT? Please specify the procedure
| Originally posted by : mahendra sahoo | ||
|
Mr. Raja, how to claim such excess payment of CST from respective DEPT? Please specify the procedure | |
You ll be give the letter for Refund of excess paymemnt/Advance Tax/Deposit amount. They have your payment receipts, Transaction details and Returns. You can submit then they ll process your refund request...
GOOD LUCK
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