Cst disallowance

Hi

Plz anyone guide me in deriving CSt disallowance ratio

If my 4%purchases for the quarter is Rs457343(Basic)  and OGS to Total sales ration is 0.684

Then how much tax credit to be disallowed...

Thanx

Replies (2)

Your query is not clear. Can you elaborate more. 

Any cst tax paid (whether @ 12.5% or what ever state tax is applicable or procured via C-form) during out of state purchase,  the cst tax paid  cannot be adjusted against any of your sales tax liablity. For Eg : If you have sold goods worth Rs.200 @ 2% cst (you will receive C-form from the party  - for total invoice i.e Rs.104/-),  you will have to pay CST of Rs.4/ vide cst payment challan to your vat department.

Hope the concept is clear.

Regards

Anandan.s

Thanx for reply ,

But  my question is different ...what m asking is that Total Amt of Purchase is Rs 457343/- and it is 4% taxable purchase and amongst this purchases OGS sales ratio is 0.684....

Plz guide me to disallow this 2% cst credit ....

 

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