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) |
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Sales |
70 |
4263499.00 |
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01SALES [WELDED CMS XING] |
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3679970.00 Cr |
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01EXCISE DUTY DEPOSIT |
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499931.00 Cr |
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01C.S.T 2% PAYABLE (AG.C'FORM) |
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83598.00 Cr |
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New Ref |
70/18.7.15 |
18-Jul-2015 |
4263499.00 |
Dr |
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