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Rules of puchase against the c form

This query is : Resolved 
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(Querist)
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.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
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.
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SUMIT KHETAN

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SUMIT KHETAN (Querist)
06 August 2013 so cst 2% will be added in cost of sales and party accuont willbe debited with full amount
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
06 August 2013 yes. please note, party account will be credited and not debited as mentioned in your reply.
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