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If there is differance in value written on the road permit
(along with transfer invoice) and the tax invoice (which is
generated after dispatch of material)for inter state sale
(specially uttarakhand)which value to be consider for C
form?

Answers were Sorted based on User's Feedback



If there is differance in value written on the road permit (along with transfer invoice) and the t..

Answer / h.r. sreepada bhagi

For one transaction of sale there should be only one
invoice. If more than one Sales Invoice (Tax Invoice) is
raised (One for transportation & another for accounting &
payment, then the transaction is not in accordance with law.
Here the basic question is why there are 2 invoices with
different values? It can be only with a view to cheat the
government on tax and it's not prudent accounting practice.

C-Form always needs to be issued against the Tax Invoice
which is accounted and paid/payable to the supplier of goods
when CST is charged at concessional rate in accordance with
the Central Sales Tax of the concerned state.

Is This Answer Correct ?    8 Yes 0 No

If there is differance in value written on the road permit (along with transfer invoice) and the t..

Answer / sarath

2% (as per present rate of CST) or rate of VAT prevailing
in that state whichever is lower.

Is This Answer Correct ?    1 Yes 3 No

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