C form value consideration

DVat 5471 views 6 replies

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)

 

 

 

 

 

 

 

 

Replies (6)

Hi,

It should be taxable Value ( As mentioned in the sales tax return ) even C form can be issued for Invoice value too.

Your view towards valuation of C-Form is 100% correct because suppose sales is100/- (inclusing CST2/-) and party given the c-form of80/- then there is a disallowed of CST on Revers calculation of Balance Amount20/- CST disallowed will be0.39/- [(20*100/102)*2%] only. But if party gave C-Form amounting98/- then there is a comman difference ofCST only, in this case there is no disallowance.

Note: C-Form amount always excluding other charges which mentioned after CST in bills and including all amounts on which CST calculated + CST Amount

agree with above

i agreed with sandeep 

 

If value of goods of Rs. 100/-

Add CST 2%-2

then c form issued for the amount of Rs 102/- (not inclued the  Freight and extra exp. etc)

Can pls. provide the notification or circular for issuance of C from ,

it is the taxable value or including CST  ?????

 

Thanks

Srinivas Rao ..P

What if some value is non vat?


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