About invoice with cst

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2012 If a person raise invoice for interstate sales and levy cst 12.5% instead of 2%. now he get c-form from party. at what percentage he would liable to pay cst - either @12.5% or @2%
pls. reply

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

26 April 2012 I think 12.5% is local VAT rate which is applicable on particular sales item due to not given cst no. or not taken consideration for giving C form thats why problem occur

when you are sales or purchase from interstate please quote your requirement of C Form in advance

Now in your case purchaser got C Form from dept. and if i am not wrong supplier has filed their return with 12.5% CST so in my opinion supplier needs to revised his return and filed with C form which will reduce his tax liability and treat as excess payment

Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2012 thanks expert

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2012 thanks expert

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

26 April 2012 welcome.....pls convey you thanks by using thank user

Message likes : 1 times