Can anyone guide me on
1) whether C form is issued on bill value or after deducting credit note from Bill value?
2) if credit note is given as discount for total month purchases in which bill should we deduct that value?
Thanks & Regards
Murali
Murali (Tax Consultant) (24 Points)
02 December 2009Can anyone guide me on
1) whether C form is issued on bill value or after deducting credit note from Bill value?
2) if credit note is given as discount for total month purchases in which bill should we deduct that value?
Thanks & Regards
Murali
Amit Ingale
(Student CA Final)
(1454 Points)
Replied 02 December 2009
C from to be issued for actual amount tax on account of CST, payable by the buyer to th seller on account of CST,
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 05 December 2009
dear,
c form to be issued on total sale amt excluding tax, freight or any other exp.
like if u r a seller and u have to sales like this :
sales amount Rs.10000
Tax @ 4% Rs.400
Add Freight Rs.100
Total sales : Rs.10500/-
hence we are lible to issued c from only rs. 10000/- on more.
Thanks
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