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
- 42375 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 to deduct tds on rent? how to deduct service tax?
Give some examples under sec. 80C? What is the maximum limit ?
what is differed tax liability/asset? how it is to be calculated?
a business man purchases goods at 12.5% vat... he wants to sel l the goods to other state then central sales tax will be applicable@2%.what he can do with the input tax avai lable?
on which amount have to issued form C ?, when cash discount is also given in the bill after CST amount as, Sales valve+CST - cash discount.
What do you mean by vat, vat registration total cost hydra bad in which places
Provision for Service tax, Income tax and Sales tax
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
PLEASE ANY BODY TELL WHT IS PRESENT RATES OF TDS AND HOW MANY TAXES ARE THERE PLEASE SEND ME THE ANSWER TO MY EMAIL ADRESS I WAITING FOR UR ANSERS
What are the present TDS rates for various transactions in Indai.
How to calculate HRA Exempton ? Please explain with example.
What's format of CMO & CMA Data?
Audit 
