Non creditable purchases
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2012
I am working in flour mill,
we are purchasing wheat from other state suppose bill amount is 10000/- we are deducting the cash discount, net weight claim, rate diff, & bags weight claim is Rs. 300/- we are paying to party is 9700/-,
Now which amount should be taken as non creditable purchase & to which amount we have to issue form "c"?
kindly clarify. flour mill is at andhra pradesh.
Mallesh.
we are purchasing wheat from other state suppose bill amount is 10000/- we are deducting the cash discount, net weight claim, rate diff, & bags weight claim is Rs. 300/- we are paying to party is 9700/-,
Now which amount should be taken as non creditable purchase & to which amount we have to issue form "c"?
kindly clarify. flour mill is at andhra pradesh.
Mallesh.
Kirti Umesh Acharya
(Expert)
27 June 2012
From which state your flour mill is operating ?
In Gujarat wheat purchase is under
exempted category hence no need to issue Form C.
From which state your flour mill is operating ?
In Gujarat wheat purchase is under
exempted category hence no need to issue Form C.
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