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C form

12 October 2012

Is any amount which is refundable but included in the bill should be consider while applying C Form

For e.g. The amount on which CST is deducted is Rs 62547 and an deposit of Rs 1877 is taken on this amount & this deposit is refundable against issue of C Form. This deposit is included in gross total of the bill so can the deposit be consider in the total value while applying for C Form

Thanks in Advance

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2 Replies

Nilesh (Accountant and GST Practitioner) (83 Points)
Replied 12 October 2012

Originally posted by : Shweta Punmia
	Is any amount which is refundable but included in the bill should be consider while applying C Form For e.g. The amount on which CST is deducted is Rs 62547 and an deposit of Rs 1877 is taken on this amount & this deposit is refundable against issue of C Form. This deposit is included in gross total of the bill so can the deposit be consider in the total value while applying for C Form Thanks in Advance

Dear Madam

You have to apply for C-Form after deducting deposit amount , because you are getting back deposit amount as and when C-form issued to party. Dsposit is taken just for safety purpose.

Nilesh Mistry