24 June 2012
I am working in flour mill, we are purchasing wheat from other state suppose bill amount is 10000/- we are deducting the cash discount, net weight claim, rate diff, & bags weight claim is Rs. 300/- we are paying to party is 9700/-, Now which amount should be taken as non creditable purchase & to which amount we have to issue form "c"? kindly clarify. flour mill is at andhra pradesh.
CAclubindia
