C Form on Net or Gross Value

This query is : Resolved

Vijay Budhwani (Querist)
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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.

Dayal

Dayal (Expert)
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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

Message likes : 1 times

KAAPIL

KAAPIL (Expert)
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07 November 2007 Thanks Dayal for the opinion.

Ravikumar.G

Ravikumar.G (Expert)
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08 November 2007 Thanks Dayal

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