Which value C form should be issued or collected

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

Replies (6)

GROSS VALUE OF THE BILL                                

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)

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.

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

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?

 

 

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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