15 December 2009
We had raised a bill charging 2% C.S.T. against submission of 'C' Form in Financial Year 2008-09.
The customer has not given us any 'C' Form. Can we now raise a debit note in Financial year 2009-10 demanding the difference of 10.5% vat? Can the purchaser add this amunt to his 'PURCHASES' during Financial year 2009-10?
16 December 2009
yes you have to collect the VAT amount - CST charged = Net VAT on which add interest on that value and deposit by VAT challan don't forget to issue a debit note.
CAclubindia
