Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 19 Answers
- 44576 Views
- Libratherm Instruments, Mobis India, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / hari
'C' form has to be issued on the purchase value of the bill
and no need to deduct cst.
| Is This Answer Correct ? | 133 Yes | 29 No |
Answer / lalit
C. FORM ISSUED TOTAL AMOUNT OF THE PURCHASE I.E
PURCHASE AMOUNT 9960/-
CST AMOUNT 40/-
C. FORM ISSUED ON 10000/-.
| Is This Answer Correct ? | 61 Yes | 20 No |
Answer / gaya3
C Form to be issued to the Purchase Value.. It should not
be issued at Net ie., after deduction of Rs. 40/-.
| Is This Answer Correct ? | 45 Yes | 21 No |
Answer / 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 |
Answer / madan lal dogra
c-form is always issued on sales value not on including of
tax (cst).
| Is This Answer Correct ? | 31 Yes | 9 No |
Answer / chandru
Rs.10,000/- is correct. No need to deduct CST 2%
| Is This Answer Correct ? | 19 Yes | 8 No |
Answer / shishir katiyar
If Purchase is Rs.10,000/-
- C.S.T 40/-
---------------------------
Product Value is 9,960/-
---------------------------
So we should have Issue C form Amount To Rs.9,960/-
Because we Pay Rs. 40 as C.S.T amount on the time of purchase.
if we issue C Form Rs.10,000/- Then Suppliers of Goods Take Advantage Of Rs.40 From Purchaser & Rs.40 /- Central Sales Tax.
So i think we issued C form of Rs.9.960/-
| Is This Answer Correct ? | 9 Yes | 2 No |
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
Is the Cess to be charged on the TDS made on Proffessional Charges?
how esic be calculated? On basic salary or earned salary? If i have gave advance salary to an employee in last month then how should i deduct the salary take an example if salary of an employee is Rs. 4750 and i deduct rs. 83 as esic contribution in current month if i've gave 83 in advance in last month then how much money exactly i give him. means esic cut on 4667 or 4750?
basic knowledge of accounting ?
what diff. between Account ,Commerce and Finance?
if we sent our goods for selling purpose to our agents outsight the state, is there any need of sending c form to him or form 38
on earth moving road work which type of tax is applicable?
You are trader, and you are buying the exciseable goods and selling the same to locally as well as intersale. what records to be maintained in terms of excise.
If foreign remittance revived from abroad from company to an individual saving account ,who has a tax payer,through designated agent/diplomat of rbi,( e.G. In case winning of prizes or lottery ) What is c.O.T. Code charges ? How can we treated in accounts ?
how we issue the road permit to seller for receiving the rearing material
The nature of taxation
what is tax?
Audit 
