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author's profile photo Former Member
Former Member

Return to Vendor CST shuoldn't

Suppose I m procuring a Material which is excisable & CST is included in the PO.As per the rule If I m reversing full qty (Return to vendor) then CSt should be reversed.In case of Partial rejection CST shouldn't be reversed,but in case of partial rejection CST amount is getting reversed.How to achieve the Goal??

Biswajit

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 19, 2008 at 06:58 AM

    Can anybody help me ??

    Biswajit

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 19, 2008 at 07:11 AM

    first of all check when u have procesed the Goods receipt in the PO,have CST flown there??????I think only the excise has flown and not the cst amount.this is becoz CST is generally maintained as non-deductable tax and also for CST we dont give the amount to material but to vendor.

    regards,

    indranil

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 19, 2008 at 10:25 AM

    Hi biswajit,

    normally CST is non-deductible and it is loaded to material cost. Also GOVT rules do not permit to reverse the CST.

    If u want to return it to ur vendor and your company has to pay CST on that, u have to create a return purchase order and include CST condition type in this. Then do GRn

    hope this resolves ur problem

    do not forget to award points

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