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when company issue c form to the seller it has to issue
full amount of purchases or it has to deduct the 2% of cst
amt Ex; purchase for rs.10000/- which includes 40 cst we
have to issue c form for rs.9960 or we have to issue for
rs.10000/- which one is correct
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Answer Posted / shishir katiyar
If Purchase is Rs.10,000/-
- C.S.T 40/-
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Product Value is 9,960/-
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So we should have Issue C form Amount To Rs.9,960/-
Because we Pay Rs. 40 as C.S.T amount on the time of purchase.
if we issue C Form Rs.10,000/- Then Suppliers of Goods Take Advantage Of Rs.40 From Purchaser & Rs.40 /- Central Sales Tax.
So i think we issued C form of Rs.9.960/-
| Is This Answer Correct ? | 9 Yes | 2 No |
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