On which amount c from is issued
Querist : Anonymous
My Question is for which amount C Forms is issued :
If 'A' purchase good from 'B' for Rs.261360/- on that 'A' charge Net Cst 2% Rs.196020/- on 75% of the contract value is payable against the supply of materials & on that Output cst 2% Rs.3920/- and 'A' also charged labour charges on it 25% of contract value Rs.65340/- on that service tax 12.36% Rs.8076/- total bill amount is 273356/-
Now i want to know weather 'A' should recive C form from B on total bill amount or he should exclude labour charges and service tax which has been charged.
VALUE ON WHICH 2% CST CHARGED
MOREOVER, YOU CAN ALSO CHECK YOUR SALES TAX RETURN IN WHICH WHAT VALUE YOU SHOW.
C FORM VALUE IS EQUAL TO VALUE ON WHICH CST CHARGED
Querist : Anonymous
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