What happens when CST @ 2% sales are made and then later on goods are returned?
in the books of purchaser and seller of both?
what about the cst paid?
Gaurav Agrawal (Accounts Executive) (24 Points)
20 October 2011What happens when CST @ 2% sales are made and then later on goods are returned?
in the books of purchaser and seller of both?
what about the cst paid?
ACCOUNTANT
(Student)
(553 Points)
Replied 21 October 2011
It can be claimed as a deduction on providing the respective evidence before the sales tax authority.......provided they are returned within 6 months from the date of sale......
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