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C fomr

Others 370 views 1 replies

Purushottam Goyal

Assistant Manager

32 Points Joined July 2014

Dear Sir/Madam,

I have made CST sales of Rs.100000/- during period April to June against C form, by mistake buyer has booked wrong purchases of Rs.105000/- in books and issued C form of Rs. 105000/- to seller.

after scrutiny of account found wrong purchases has booked and pass journal entry in books by buyer.

same C form ( Excess amount) has received by us ( Seller) now my question is at the time of assessment while submitting the C form to department we face any problem due to excess amount of C form which produced by buyer.

Regards

Purushottam Goyal

Replies (1)

Basavaraj

Associate

147 Points Joined November 2011

In opinion, the CST is can be collected only on the sale price. As per your invoice the value is rs 1lac not the the 1,05,000 so your liable to pay CST is on 1lac not on 1,05,000.Department can not ask to pay the tax on which is not sale price as per section 2(h) of CST Act,1956. Burden of prove is on you to show the value is 1lac not 1,05,000.