C Form on Net or Gross Value
This query is : Resolved
Vijay Budhwani
(Querist)
07 November 2007
Dear Members,
One of our clients have been selected for MVAT Business Audit.
The Sales Tax Officer is of view that "C" form has to be received on Total Sales Value (i.e. net + tax amount), but our client has received a "C" form which is of Net Amount, is there any circular/ notification or some clarification that "C" form can be issued on Net Value.
One of our clients have been selected for MVAT Business Audit.
The Sales Tax Officer is of view that "C" form has to be received on Total Sales Value (i.e. net + tax amount), but our client has received a "C" form which is of Net Amount, is there any circular/ notification or some clarification that "C" form can be issued on Net Value.
07 November 2007
Under the CST act it is very clear that C form has to be issued for the full invoice value.
There is no provision to show net value and taxes separately.
There is no notification either
There is no provision to show net value and taxes separately.
There is no notification either
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Ravikumar.G
(Expert)
08 November 2007
Thanks Dayal
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