19 March 2015
We are a 100% EOU and we have a customer in Karnataka which is also a 100% EOU and we are selling goods under interstate course against 2% CST against form C everything in foreign Currency in convertible to INR. While receiving Form C the customer takes import rates and accordingly issue form C. As import rate would be higher than the export rate can the assessing officer under CST assessment demand the differential amount for this exchange fluctuation,
23 March 2015
no, he must not. if C form is at higher value that sales you shown, no question arise, however, you have to convince him the reason behind.
CAclubindia
