Please Help: CST
Posted Date : 05-May-2012 , 11:34:23 am | Posted By chandra prakash
sir I have raised bill CSt 5% and I filled return Cst against C from @2% can i Issue credit on diffrenc on cst 3% Sir please tell me salution for my ustion
Category : VAT | Answers : 2 | Comments : 3 | Hits : 272
Answers
Answer By: Rishabh Upadhyay
Deposit the difference amount of tax in the next period return, giving the correct details,.,else make the correction in annual sales tax return if it is applicable to the state u belong
Answer By: Rishabh Upadhyay
Delhi Vat Act do not have the annual return for reconciliation. Sales tax returns can be revised up till a period of one month only. In case the period of one month has passed, then pay the Sales Tax difference in the next period return in order to safeguard yourself against penal provisions at the time of assessment.
Comments
chandra prakash
08-May-2012 , 12:55:07 pmSir my state is delhi what will be applicabe for me pleas tell me
chandra prakash
08-May-2012 , 12:56:03 pmSir my state is delhi what will be applicabe for me pleas tell me
Rishabh Upadhyay
08-May-2012 , 04:36:40 pmDelhi Vat Act do not have the annual return for reconciliation. Sales tax returns can be revised up till a period of one month only. In case the period of one month has passed, then pay the Sales Tax difference in the next period return in order to safeguard yourself against penal provisions at the time of assessment.