Rules of puchase against the c form
This query is : Resolved
02 August 2013
IN hariyana,if any party purchase the goods from other state than cst will be paid on goods or not or What the amount the party will be credited.
04 August 2013
THERE ARE CERTAIN COMMODITIES EXEMPTED IN OTHER STATES ALSO. HENCE IF YOU PURCHASE ANY TAXABLE COMMODITY, TAX 2% WILL BE CHARGED BY THE SUPPLIERS, AGAINST C FORM AND HIGHER RATE WILL BE COLLECTED WITHOUT C FORM.
THE ENTRY IS:
COST OF SALES (INVENTORY) A/C DR
TO PARTY CR.
FOR CST PURCHASE, TAX CAN BE BOOKED IN THE PURCHASE COST ITSELF.
THE ENTRY IS:
COST OF SALES (INVENTORY) A/C DR
TO PARTY CR.
FOR CST PURCHASE, TAX CAN BE BOOKED IN THE PURCHASE COST ITSELF.
Message likes :
1 times
06 August 2013
so cst 2% will be added in cost of sales and party accuont willbe debited with full amount
06 August 2013
yes. please note, party account will be credited and not debited as mentioned in your reply.
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