19 November 2014
I want to know that I made a purchase from other state. vendor has calculated cst 12.50% & 5% both on invoice. so it is possible to charge both the taxes in one invoice? if yes so what should be conditions of doing this.
19 November 2014
Yes,12.5% and 5% can be charged in one invoice itself.But the amounts for which different rates are applicable are to be shown separately. If you can issue a 'C' form only 2% will be applicable for all goods....mjk
CAclubindia
