Is any amount which is refundable but included in the bill should be consider while applying C Form
For e.g. The amount on which CST is deducted is Rs 62547 and an deposit of Rs 1877 is taken on this amount & this deposit is refundable against issue of C Form. This deposit is included in gross total of the bill so can the deposit be consider in the total value while applying for C Form
Thanks in Advance
| Originally posted by : Shweta Punmia | ||
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Is any amount which is refundable but included in the bill should be consider while applying C Form For e.g. The amount on which CST is deducted is Rs 62547 and an deposit of Rs 1877 is taken on this amount & this deposit is refundable against issue of C Form. This deposit is included in gross total of the bill so can the deposit be consider in the total value while applying for C Form Thanks in Advance |
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Dear Madam
You have to apply for C-Form after deducting deposit amount , because you are getting back deposit amount as and when C-form issued to party. Dsposit is taken just for safety purpose.
Nilesh Mistry
Thank You Sir
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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