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?
- 2 Answers
- 5379 Views
- ABC, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL
If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.
what diff. between Account ,Commerce and Finance?
WHAT IS THE PENALTY CHARGE BY THE SALES TAX DEPARTMENT IF WE ARE ENABLE TO FILE SALES TAX RETURN AFTER ONE MONTH FROM END OF THE IVQ-2012-13.
How will you calculate house rent allowance (hra)?
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9
procedure of service tax
DEFINATION OF CONTRACT ACT IN PARTNER SHIP FIRM AND COMPANY?
what is the scope of business taxation in private company?
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c
WHAT IS CORPORATE TAX ?
