CST Act not contemplates any power to forfeit refund: HC

State of Gujarat Vs Advanced Systek Private Limited (Gujarat High Court) It appears that when the assessee has sold the goods on the price, which is inclusive of tax, the turnover is to be calculated as  per the formula provided in Section 8A of the CST. In the facts of the case the rate of CST applicable for the goods supplied by the respondent-assessee is 4%. Therefore, 4% tax is required to be applied on the turnover as calculated under Section 8A of  the CST Act. As observed above, the respondent-assessee deposited the CST at  the rate of 10%/12.5% by making reverse working of th...