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.

Kirti Umesh Acharya

Kirti Umesh Acharya (Expert)
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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.

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