For what amount c form should be issued

Bavneet Kaur Kohli (Accounts Executive) (43 Points)

12 May 2016  

Hi. I need to ask on what value C form should be issued. if the seller is calculationg the CST on the Basic amount+Excise duty and while hes taking the refund of Excise duty so hes not charging from the Buyer and so raising the invoice excluding the Excise duty.For eg:- below is the extract ledger of our seller  and hes raising the invoice inclusive of all taxes as on 37,53,569 and in tally we are showing the entry purchase A/c 36,79,970(Dr) + CST 73,599(Dr) = party 37,53,569 (Cr). on what value C form should be isuued. please anyone reply urgently. I have also attached the invoice raised by our seller.

18/07/2015

To

(as per details)

 

 

 

Sales

70

4263499.00

 

 

 

01SALES [WELDED CMS XING]

 

 

 

 

 

 

3679970.00 Cr

 

 

01EXCISE DUTY DEPOSIT

 

 

 

 

 

 

499931.00 Cr

 

 

01C.S.T 2% PAYABLE (AG.C'FORM)

 

 

 

 

 

 

83598.00 Cr

 

 

New Ref

70/18.7.15

18-Jul-2015

4263499.00

Dr