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Issue of c form
In inter state purchase under C form ,if there is credit note for transportation after tax , C form should be issued on Nett bill amount or gross plus tax amount ?
Replies (4)
C Form are always issued on the amount on which CST has been calculated. Further, in general practice, dealers try to get C form on gross amount.
Sir,
Thank you,
Regards
Hi,
C form is a declaration issued by buying dealer to selling dealer stating that he has purchased goods specified therein at a concessional rate. Hence, the value been covered in the C form will be invoice value (mainly includes Basic+CST+freight (based on terms of contract; if FOR, yes & no otherwise).
I hope this will clear the doubt.
Thanks,
Swati
Sir,
In this case it is Basic+CST - Freight hence the query?
Regards
Balaji
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