C-Form

1239 views 3 replies

L KANAGARAJ

Assistant Manager-Finance

615 Points Posted on 22 July 2008

Sir/Madam,

for eg. This is an Interstate transaction.

Our approved & Purchase Order Rate is Rs.100 per unit., but the vendor not agreed for that price. They are asking Price Increase for Rs. 110 per unit. In the meantime we need materials urgently.

Our vendor made invoice for Rs.110 per unit. We bought it and used it for Production. After due date we made payment for Rs.100 only . Because our approved rate is Rs.100/- .For Remaining Rs.10 we made debit note as Price difference.

Now the party asking 'C" Form for that Bill. What we can do? whether , we issue the Form for the Invoice value (OR) the payment amount what we made.

Replies (3)

Ram Avtar Singh

Nagari Sultanpur U.P.Delhi

15539 Points Posted on 22 July 2008

You should issue bill amount Form C because diffrence amount is disputed it will encase consider by your managment after some time due to next consignment requirment. you will issued bill amount form C.

L KANAGARAJ

Assistant Manager-Finance

615 Points Posted on 22 July 2008

One more thing is we have accounted only the price what our management approved.

Because, To avoid material shortage, Purchase team may made P.O. with higher price ,what the vendor asking.

Vendor sent material based on our P.O. But we accounted the Bills based on approved price.

In this case how we can deal?

pawan

Account Assistant

22 Points Posted on 31 July 2008

Originally posted by :L KANAGARAJ
"	One more thing is we have accounted only the price what our management approved. Because, To avoid material shortage, Purchase team may made P.O. with higher price ,what the vendor asking. Vendor sent material based on our P.O. But we accounted the Bills based on approved price. In this case how we can deal?	"