Is cst 14.5% vatable?

Dear Sales Tax experts here i got some trouble for the May month Returns.

 
We got an Invoice No. I30028004 from Roca Bathroom Product Pvt Ltd., Ponneri Branch. Here in the Invoice they have written the CST 14.5% instead of 2% CST against C Form. So, we are in dilemma.
 
Product Value    - 1720
Freight B4 VAT  -     30
CST @ 14.5%   -   253
---------------------------------
Gross amount   -  2003
 
Can i treat it as Input VAT Credit 14.5% and deduct it from our VATable amount for the month or should we issue the C Form for that?
 
If it is Input Credit 14.5% i am from Andhra Pradesh the and Primary Sale VAT of the Product 14.5% paid to the Tamil Nadu Sales Tax Department if i claim it it will be loss for the Andhra Pradesh Sales Tax Department. Explain me.
 
Venkkatesh
AccountsGuy.Net
Replies (6)

No u cant treat it as input credit

 

I also heard first time this rate

normally 4% or 12.5 % CSt charged without C Form .............................you cant take credit of that

 

In case of 2 % CST ....we have to give C form

 

 

Dear Venkatesh,

As per VAT Act we can't  take credit of CST against VAT.......

 

 

Regards,

Anupam Sharma 

Then should we issue the C Form for that or should not?

no coz it is applicable only when the CST is charged @ 2%.....

Originally posted by : Venkkatesh

Then should we issue the C Form for that or should not?


No you should not give C-Form............and contact that party and ask them why they charge 14.5 % CSt

we have to know some reason na thats why

 

If you want to require to pay less amount to party .......then tell them change the bill and charge 2 % CSt nd issue C Form

 

C Form will be issued if and only if 2% CSt Charged.....

No you can't claim CST in VAT

 

How can we show the same in J1 & J2

If you have CST Nos ask for 2% CST with rectification of invoice

Thanks

 

Regards

Milind Kapote

 

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