Issue of c form
This query is : Resolved
Binod Kumar Mishra
(Querist)
21 January 2012
on which value we should issue "c form" for the vendors - Gross value or Net value (Including @2% CST value)?
Heera Nahariya
(Expert)
21 January 2012
It is to be issued on total value of invoice including cst. For example if invoice value is Rs. 102000 (value goods Rs. 100000 and cst @ 2% is Rs. 2000) then C Form is to be issued for Rs. 102000.
Reverse calculation is applied to find out the value of CST. ie.
102000 * 2
= ---------- = 2000
102
Reverse calculation is applied to find out the value of CST. ie.
102000 * 2
= ---------- = 2000
102
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