Cst2% tax on purchase against c form

Madams/Sirs 

How does CST2% Tax on purchase against C form reflects in the books of account since this is non creditable purchase   and how to adjust this amount since it is already under duties and taxes OR it should be added to the product. Kindly help

Replies (3)

it should be added as the part of central purchases. 

No exclusive entry made for taxes as it is non-creditable.

Entry will be :-     Central Purchases A/c - Dr

                            To Sundry Creditors A/c 

                     ( with amount excluding freight and any others charges paid by you seperately on                         that purchase; but including CST @ 2%)

 

Piyush Tanwar

Tiwari & Associates, Karol Bagh, Delhi

Mobile - 9717468521

Email - imcoolpiyush.tanwar @ gmail.com

Thank you, Will it be same for CST5% puchase that  tax to be added to Product  if it is so than how we will bifurcate  Purchase of 5% and 2% Etc  due to this the actual product value will change  

Thank You,

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details