Hi Friends,
We have purchased some inter state material against C' form, now we are issuing C' forms but some goods received in April'10 eventhough Bill Date before 31/03/10. What basis we have to Issue C' forms. ( As per Bills Date or As per Goods Received Date) so, please clarify.
Thanks
Srinivas G.
All purchases/sales under VAT/CST laws are calculated on the basis of invoice dates and not good received dates.
Mr.Dhruv view point correct. Moreover, you have account the said invoice in 31.03.2010 only with debit goods in transit and credit to vendor.
Once accounted in our books as purchase, we are liable to issue "C" form.
Dear Friends
Explantion given by both of friends is very nice and easy to understand and hope so now u dont have any doubt.
Regards
I agree with Dhruv & Baskar Sir.
all c form should be issued according to date wise , we need to see on which date belong to which qtr.
CAclubindia
