Dear Sir,
These are some basic doubts I have while issuing Form C
There are purchase returns during the next quarter of the Form C issued earlier. Whether the same can be deducted form the Invoices while issuing the form C during the nex quarter.
I have been told that no purchase returns should be deducted out of Form C to be issued.
Please Clarify.
Thanks and Regards
C K Venkatesh
You may note that a 'C' form is against a particular bill or a group of bills from a supplier.If some goods of a bill or of many bills are returned,the 'C form issued on these transactions need not be cancelled.If all the goods supplied by one or more bills covered by a 'C' form are returned,then that particular 'C' form may be called back and cancelled with information to the concerned authority(LVO).........mjk
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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