07 February 2012
Iam Not adding 2% cst on the Invoice.My cst is nil against form c.So my Buyer is asking for the proof why i am not including cst on the invoice.So what should my reply to them?
07 February 2012
Should you be trading in exempted goods then interstate sales shall be exempted and also there shall be no requirement of c form.
Should the sale be of a taxable commodity, then sale against C form, tax is to be collected @ 2% or if the sale is not against c form then local rate of tax is to be charged.
CAclubindia
