what amount to mention on C form?

[Asish Kumar Nath]

Dear Experts,

Some of our customer issue us C form mentioning whole value of invoice i.e. product value+excise+cst  but few used to mention only product value+excise vale. What is the correct process as per CST Act/Rules.  

[YAGAY andSUN]

Taxable amount will be mentioned in the C form.

Taxable amout = Assessable Value + Excise duty + Ed. Cess + SHE Cess.

[Asish Kumar Nath]

Dear Mr. Khetri,

Thanks for your reply. Is there any provision in CST act  in this regard? If there please inform me. I shall be great full to you.

[V K]

Dear Mr Nath

Both the amounts mentioned on the C form( i.e with tax / Wo tax ) is ok. But at the time of submission of C form to your Sales TAx Dept, you have to submit the details of C Forms in specific format as

Taxable Amount  --------------CST/Oth Charges -----------C Form  Amount

As you have availed the concession on Taxable value & if C Form not submitted , u will be charged on the Taxable value only.

So to determine the Actual AMount of C Form Received & Pending . You have to give the taxable value of each form separately. in other words you will submit the C forms above your turnover ( if cst + freight included in C form)

Regards.. Vikas Kapoor

[Asish Kumar Nath]

Kapoor Sir,

Thanks for your reply.

AI Summary

Taxable amount on C form should include assessable value plus excise and statutory cesses; submission determines concession. Taxable amount for C form purposes should be treated as assessable value plus excise duty and statutory cesses. When submitting C forms to the sales tax department, provide a breakdown of Taxable Amount, CST/Other Charges and C Form Amount; the concession applies to the taxable value and absence of a C form will result in tax being charged on that taxable value.