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CST Refund procedure

Others 2252 views 1 replies

Mallikarjun

Manager-Accounts

34 Points Joined January 2011

Sirs, We have raised CST Invoice @ 12.5% in Feb-11, later our party has issued 'C' Form

and they are asking revised invoice @ 2%. But for that month we have alreay filed the Returns.

Kindly let me know how can we adjust this. What is the procedue for Revised CST Return

and time limit. Urgen Plz.

Replies (1)

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

without revised invoice on @ 2% CST they issued you form C, great .............. revise your CST return for specific period, if the payment is made in cash, then you will get refund / adjustment after assessment only, if the amount is set off from vat , then you will have to revise vat return also, to rectify the CST transfer amount. you have time limit of 180 days from the date of sale, but do it before filing of june 11 return, otherwise you will have to revise the later on returns also.