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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
