Cst return to be revised ?

Mahavat 395 views 1 replies

Hallo,

Can anybody please help me on this question.

We have invoiced to an interstate customer on 25.03.2013. The material was returned to us on 25.08.2013.

My question is ;

1. In which year the sales return is to be shown. in 2012-13 OR 2013-14 ?

 --  If to be shown in 2013-14, we will not receive C form for the transaction. Whether we need to pay differential tax liability ? OR there is any other alternative ?

 

Replies (1)
Sale return is to be shown in 2013-2014. For sale return, you considered the date of sale return invoice date. if it is of 25.08.2013 then you should show your return is the 2013-2014. You can get C-form from the buyer in which he will be showing Sale amount Less Sale Return Amount. If you will not receive C-form from the buyer, then you have to pay Tax plus interest on missing C-forms. Thanx & Regards Piyush Tanwar Article Assistant At Tiwari & Associates Karol Bagh Email - imcoolpiyush.tanwar @ gmail.com


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