Should i file cst return?

Others 555 views 2 replies

David A

Student Others

29 Points Joined June 2015

Dear Friends,

I'm an engineering graduate, and i'm working in a company where from a couple of months now i have to file VAT & CST returns. I have the basic knowledge and all our purchases are from only one company from Chennai, and sell only within our state. We haven't bought anything till April, so i just went on to Andhra Pradesh Commercial Tax Site and filed Output Vat Return, and filed Nill Vat return, till here i didn't had any problem.

But in May we made some purchase from the company that is in Chennai, and today i filed Vat return usually, and then tried to file CST return by going on the site.

I tried to enter the Net Purchase value in 2% column of Tax rate wise turnovers of interstae sales and tax liability. As there is no seperate column for purchase and sale as it wasd in Vat return, and i got a meassage that it should match with TURNOVER SALES or something.

Well so i checked last year's returns, and our accountant entered the purchases as Excempted in Vat Purchase form and continues with sales return, and filed a NIL CST return. And we issued C-Forms for last year's invoices this year.

I clearly don't understand the concepts, and i know this post is very long, but Please do Kindly try to help me.

Thanks.

Replies (2)

David A

Student Others

29 Points Joined June 2015

So many views and no body were able to Answer. Surprising.

dhanamganesh@gmail.com

private service Accountant

80 Points Joined August 2015

sir first please confirm the commdity is taxed at 2% from Tamilnadu chennai. to ap. both seller and ur co both are registered cst dealers.then ur transaction will be eligible for ggeneratng form c in the apvat website.for that u enter cst purchase data for in the annexue specifed for generating c form for interstate purchases.(this u will be finding in annexure IA ibn TNVAT so u please check the annexure in ap vat retuun annexure itself for interstate purchases.. Please fill up for may,june,july, aug returns.in case if there is a interstate purchases.if there is no purchases file nil return.for cst in form I, and Vat form 1.

if u both are registered dealer and purchaser there will be only 2% taxable turnover ony be available. no colums will be for other % so ony 2% t/o will be filled up. but u say u filledup purchases in turnover column. is it reight. u may missed the mon diffferently. also please note u should either ile nil return atleast otherwisse after s3 mnths non filing of returns ur Registration Certificate may be blocked by the department which u please checkup the tin cst positions.

pl follow the the rules correctly for which u use the help available ffor filing vat returns, and cst returns in form I, and Form1 with annexures seperately.

eg. form I - cst return form 1 ap vat return

annexures 1 purchases fillboth cst and tngst purchase value with tax, ia intestate purch. details ony

annexure II. turnover details for ap vat appendix ii -csts sales details

annexue iii itc reversal, iv for adjustment detailsand tax payable, itc adjustments and draft payment details.

v stock details and so on.

so in vat return and cst return with annexure u download the file and understand first and then fill up. even u have dount use h elp for how to fillup vat returns. in that u will understand perfectly.

all the best forur interest to understand.

regards

p.r.ganesh