when company issue c form to the seller it has to issue
full amount of purchases or it has to deduct the 2% of cst
amt Ex; purchase for rs.10000/- which includes 40 cst we
have to issue c form for rs.9960 or we have to issue for
rs.10000/- which one is correct
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Answer Posted / p. navaneetha krishnan
Hi,
Form "C" will be issued on the Total Amount of Purchases
with Bifurcation of Invoice Amount, Supplier Name, Inv.No.
and Dt. of Invoice.
It ensure that the materials supplied / sold through c form
sales to reduce the Tax component on invoice as per the
provions of act.
| Is This Answer Correct ? | 28 Yes | 6 No |
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