Hello Friends
one item purchase other state, it is cost of all inclused 'C' form 25500, 'c' issued, payment is discount 1000
25500-1000=24500 in this amount future any problemns ,but which amount is issued c form
Thanking you
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c form issued after discount
Replies (2)
you have to issue the C-form, which amount you are paying to seller
'C' Form is required to be issued for sale price, and the sale price in most of the statues is defined as exclusive of tax. As in the present case the sale price is 25500/102x100= 25000. And as on the face of the 'C' Form the amount mentioned is 25500-1000= 24500, the maximum the Notified Authority can tax is short amount of Rs. 500.00 as considering the same as sale otherwise than against 'C' form.
Devinder Jain, Vat Consultant, Delhi
9810272568
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