if Mr. A Charge to Mr. B 5% CST, Mr. B Paid 5% CST To Mr. A so Mr. B c Form Give To Mr. A This Is right or wrong
Answers were Sorted based on User's Feedback
Answer / ajay
There is no need of c- form because c form applicable only for cst 2 % sales
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Answer / shatrudhan sinhg
if Mr. B has been paid Full Vat Tax i think B shouldn't give c form to Mr.A
| Is This Answer Correct ? | 3 Yes | 0 No |
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
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