<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>EXCESS VALUE DECLARED IN FORM-C. IMPLICATIONS.</title>
    <link>https://www.taxtmi.com/forum/issue?id=115763</link>
    <description>Excess value in buyer issued Form C cannot alone increase seller&#039;s taxable interstate turnover; the seller must rebut by producing sales invoices, goods receipt notes, LR/transport documents and customer ledger entries to reconcile Form C with actual invoice values. An assessing officer should not make additions based solely on a purchaser&#039;s inadvertent overstatement where cogent documentary evidence establishes that the excess does not correspond to actual interstate sales.</description>
    <language>en-us</language>
    <pubDate>Tue, 10 Dec 2019 19:52:32 +0530</pubDate>
    <lastBuildDate>Thu, 23 Jan 2025 15:54:54 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=596849" rel="self" type="application/rss+xml"/>
    <item>
      <title>EXCESS VALUE DECLARED IN FORM-C. IMPLICATIONS.</title>
      <link>https://www.taxtmi.com/forum/issue?id=115763</link>
      <description>Excess value in buyer issued Form C cannot alone increase seller&#039;s taxable interstate turnover; the seller must rebut by producing sales invoices, goods receipt notes, LR/transport documents and customer ledger entries to reconcile Form C with actual invoice values. An assessing officer should not make additions based solely on a purchaser&#039;s inadvertent overstatement where cogent documentary evidence establishes that the excess does not correspond to actual interstate sales.</description>
      <category>Discussion-Forum</category>
      <law>VAT / Sales Tax</law>
      <pubDate>Tue, 10 Dec 2019 19:52:32 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/forum/issue?id=115763</guid>
    </item>
  </channel>
</rss>