If We received Purchase bill for Rs. 67320 2% CST ( Ta Rs. 1320 on Assessable value of Rs. 66000/- ) against Form C but while making payment we had paid as per 12.50 % Tax amount i.e. 8250 . Total paid Rs. 74250/- then is it necessary to give Form C to the party?
Answers were Sorted based on User's Feedback
Answer / manoj sharma
no, because we have paid full tax 12.50% instead of 2%. so we shall not issue form C
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Answer / ravindra
Yes, If party was deposited 2% CST against form "C" against our tin no. & party will payment to us excess 10.05% tax amt that we have already paid . in that case we r issue for C to party
Is This Answer Correct ? | 0 Yes | 0 No |
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