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Treatment of amount received against c form from customer

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2012 What should be the accounting entry if a customer instead of giving C form pays the differential amount in the same or next financial year....?
Please give the accounting entry..
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U S Sharma

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U S Sharma (Expert)
27 August 2012 ADVANCE FROM CUSTOMERS, UNLESS THE DEMAND IS RAISED BY VAT OFFICE, AND PAID FROM THIS ACCOUNT.
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2012 we have deposited CST @ 2% at the time of raising invoice but after 6 months customer tells us that he will not give the c form but will pay the difference amount to us for which we will raise a debit note....Which a/c should be debited at the time of raising debit note...?
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Vineet

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Vineet (Expert)
27 August 2012 I think in that case CST payable account should be debited in this case..
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