for which amount C form is Issued?

Others 31492 views 25 replies

Hi!

for which amount C Forms is issued :

suppose 'A' purchased Goods from B for Rs. 10400 (total Bill amount) against C Form, in which Rs. 200 for CST & Rs. 200 for freight.

for which amount A will issue C form to B.

 

plz reply at the earliest

 

thanks

 

 

Replies (25)
Originally posted by :MOHIT
" Hi!
for which amount C Forms is issued :
suppose 'A' purchased Goods from B for Rs. 10400 (total Bill amount) against C Form, in which Rs. 200 for CST & Rs. 200 for freight.
for which amount A will issue C form to B.
 
plz reply at the earliest
 
thanks
 
 
"


 

Originally posted by :Guest
"


 

Hi.

           C-form has to be issued total value of  the bill amount



Originally posted by :MOHIT


"
Hi!
for which amount C Forms is issued :
suppose 'A' purchased Goods from B for Rs. 10400 (total Bill amount) against C Form, in which Rs. 200 for CST & Rs. 200 for freight.
for which amount A will issue C form to B.
 
plz reply at the earliest
 
thanks
 
 
"




 

"


 

Normally C form is issued for Bill amount, however while calculating the sales tax payable amount, the Assessing office consider only taxable amount part of the form received

c form amt would be basic bill amt only . Thus sales tax amt or packing , transportation or other charges are excluded .However if Sales tax is inclusive and transportation or any chg are inclusive of sale price then C form will be issued by bill amount.

is there any rule defined in the Central Sales Tax act, that for which amount, C form has to be issued.We need the defination as mentioned in the rules.Some parties charges basic value + CST + freight.Sales Tax authorities are giving c form for basic value only,whether it is correct ,because parties are demanding  C form for full value including cst amount, freight etc.

c form issued for amount +excise duty + cesses+ freight charged before charged cst ...

freight charged after cst not included..

Originally posted by :

Hi Myself Anjali, I need help coz i am issuing C-form on Net amt (Example: Purchase Total Bill Amt Rs.264720/- Including Excise Duty Rs.24720/- ) I am issue C-form on Amt Rs.240000/- Is it correct or Wrong. If Wrong How i change or issue diffrance amt. Plz Help..............

Hi anjali you should include excise duty while issuing form C, Form c is issued at the amount on which cst is calculated. suppose if the basic value is rs 100 excise duty 10 rs cst 2 rs than you need to issue c for m on 110 rs only

Agree with Alok.

 

C form to be issue on total Invoice Value.

Basic

Excise

CST

Freight

Isurance

Packing

Total Value-------------------- : C form Issue on this amount

No Brijesh ji , alok is right, assessble value is considered

Dear sir,

 

Basic Price - 25467-00

CST 2%      -       509-00

Total                  25976-00

 

on which amount i issued c form and

2) how many invoice contained in the C form at Maxmum in one month

1-GENERALLY , I RECEIVE C FORM ON TOTAL VALUE BUT IF IT IS ISSUED ON BASIC PRICE , IT WILL DO.

2-C FORM ISSUED QTRLY

 

Hi Ramesha, You can issue C-form for all invoice raised in a qtr, c form should be issued on the assassable value on which cst is calculated, it excludes freight and other costs which doesn't attract taxes


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