Sir,
As far as my knowledge, while issuing C Form , we have to adopt the value as Cost of goods (-) discount (if any) (+) CST and issue C form to the supplier.
Any other expenses like Freight charges need not form part of the C form value.
However some one says that C form should be issued against Cost of the Material (without adding the CST amount).
Is it Correct or wrong ?
secondly can any one help me providing the Gist of the information from the Act Book if the same is clarified clearly.
regards
KR Rajan ( Branch Head Commercial)
CAclubindia
