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Which value C form should be issued or collected

Sathish (Accounts Executive) (24 Points)

07 July 2011

In invoice value the following are included. Material value, Excise duty, Cst. For Which value the C form to be issued or collected?

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CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 07 July 2011

GROSS VALUE OF THE BILL

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Sunil (Service) (28 Points)
Replied 07 July 2011

Originally posted by : Sathish
	In invoice value the following are included. Material value, Excise duty, Cst. For Which value the C form to be issued or collected?

Always demand or issue C Forms as per (FINAL BILL AMOUNT - DR NOTE /CR NOTE issued to party)

(Dr Note / Cr Note, which are issued with cst effect only)

Vikash Kumar (Manager Accounts (CA. Final)) (694 Points)
Replied 07 July 2011

Originally posted by : Sunil
	Originally posted by : Sathish In invoice value the following are included. Material value, Excise duty, Cst. For Which value the C form to be issued or collected? Always demand or issue C Forms as per (FINAL BILL AMOUNT - DR NOTE /CR NOTE issued to party) (Dr Note / Cr Note, which are issued with cst effect only)

Less any freight charged in bill.

Paresh Dholu (Chartered Accountants) (393 Points)
Replied 07 July 2011

C form will be issued with material cost price+exise+cst value. that means gross value of bill.

PRAMOD AGARWAL (MIDDLE MANAGEMENT) (21 Points)
Replied 08 July 2011

Whether CST is required to be reversed on post sales discount?

In this case what will be the value of form C to be collected?

Dillip Kumar Panigrahi (Service) (45 Points)
Replied 09 July 2011

Form 'C' is required for transaction at concessional rate of tax. By necessary implication it requires that the net amount on which tax at concessional rate has been charged is to be shown in Form 'C' with other particulars against appropriate columns in the said Form.

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