Srinivas G. (Asst.Manager (Finance&Accounts)) (24 Points)
21 April 2010Hi Friends,
We have purchased some inter state material against C' form, now we are issuing C' forms but some goods received in April'10 eventhough Bill Date before 31/03/10. What basis we have to Issue C' forms. ( As per Bills Date or As per Goods Received Date) so, please clarify.
Thanks
Srinivas G.
Dhruv
(Chartered Accountant)
(308 Points)
Replied 21 April 2010
All purchases/sales under VAT/CST laws are calculated on the basis of invoice dates and not good received dates.
CMA.Baskar.V
(Cost Accountant)
(400 Points)
Replied 22 April 2010
Mr.Dhruv view point correct. Moreover, you have account the said invoice in 31.03.2010 only with debit goods in transit and credit to vendor.
Once accounted in our books as purchase, we are liable to issue "C" form.
Nitin Grover
(CS)
(1228 Points)
Replied 22 April 2010
Dear Friends
Explantion given by both of friends is very nice and easy to understand and hope so now u dont have any doubt.
Regards
Poornima Srinivasan
(Junior trainee)
(330 Points)
Replied 22 April 2010
I agree with Dhruv & Baskar Sir.
sandeepverma
(don't make exuse for study)
(304 Points)
Replied 22 April 2010
all c form should be issued according to date wise , we need to see on which date belong to which qtr.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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