On which value should i receive form "c" ????

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Haider Naqvi (Querist)

10 March 2015 A single invoice was raised to party which issued forms "C" of FY 14-15 Quarter_III, where invoice is as below:-

Assessable Value : 150000/-
Cst 2% : 3000/-
Total Value : 153000/-

Party has issued Forms "C" on 150000/- which is short Rs : 3000/- of invoice amount. Should I ask form "C" of Rs : 3000/- more????

Gaurav Vora

Gaurav Vora (Expert)

10 March 2015 The C Form should be issued for the whole amount of the invoice including the CST amount. In your case, you should ask the party to cancel the C Form of Rs. 150000 & to issue a fresh C Form for Rs. 153000.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

10 March 2015 C Form should be on sales amount only. CST value (Tax) will not be included in C form value

Haider Naqvi

Haider Naqvi (Querist)

10 March 2015 Gaurar sir, both the comments are different. I m confused.

Gaurav Vora

Gaurav Vora (Expert)

10 March 2015 If you have the C Form, you will clearly see that there is a column separately for the CST amount.

Haider Naqvi

Haider Naqvi (Querist)

10 March 2015 I have some "C" forms where there is column of CST amount but some are manual C forms. Above party has issued me a manual C form. It means I'll have to ask for another C forms of Rs: 3000/-

Gaurav Vora

Gaurav Vora (Expert)

10 March 2015 In manual C Forms also, the party should mention the invoice value & CST amount separately.

Haider Naqvi

Haider Naqvi (Querist)

10 March 2015 Yes. It is as you said. I m gonna ask another form "C" for short amount.
Thanks a lot

Gaurav Vora

Gaurav Vora (Expert)

10 March 2015 Rather than asking for C Form for the short amount you should return the C Form that you have received and ask for a fresh C Form.

Haider Naqvi

Haider Naqvi (Querist)

10 March 2015 Gaurav sir, I have submitted it to Sales Tax Dept otherwise It would have already been returned to Party.

Ashok

Ashok (Expert)

12 March 2015 'C' form has to be issued on total value indicating sale value and sales tax thereon. Hence you have to ask to the party to provide another 'c' form for Rs.3000/-

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