CST return

In Karnataka statutory time limit for revising the returns is 6 months.  However, in practice, the dept. has been accepting the revised returns even if they are filed the time limit.

In the present case, since tax paid is more by 6% in case of goods liable for tax at 4% and as the excess paid would have been collected from the buyers, the department may forfeit the excess payment since the same is collected from the buyers.