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.
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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