Sale of asset
This query is : Resolved
11 May 2012
We had made a sale of equipments to a party of other state. We are not a dealer of equipments. In this case, can we raise Bill? ( against C form )
11 May 2012
To raise a bill against C-Form, the commodities you mentioned in the form must be registered at the time of registration. If not registered earlier, you can file an application later to make additions to the list.
11 May 2012
To raise a bill against C-Form, the commodities you mentioned in the form must be registered at the time of registration. If not registered earlier, you can file an application later to make additions to the list.
11 May 2012
If the Buyer is registered dealer in the commodity sold by you, then he can produce form C to you which will further be given by you to the dept.
12 May 2012
Is it necessary that a bill has to be raised ? or can we settle with journal entries ? shall we charge sales tax ?
12 May 2012
Yes, It is mandatory to issue an invoice if your turnover exceeds 5 lakhs in a year.
12 May 2012
It is mandatory to issue invoice as you are a registered dealer in VAT.
As regards to payment of tax, in case of sale against declaration form-c, tax shall be state sales tax or 2% whichever is less.
As regards to payment of tax, in case of sale against declaration form-c, tax shall be state sales tax or 2% whichever is less.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
