Saturday, February 23, 2013

[aaykarbhavan] Cash discount deduction in CST



If A makes interstate sale of Rs. 10000 and allow discount (trade/cash/quantity) of Rs. 2000 against form C.
 
 
 
Then CST payable = (10000 - 2000) * 2%
                                = 160
 
Total invoice will be raised at 10000 - 2000 + 160 = 8160
 
Discounts are to be excluded from sale price as per sale price definition in cst act, 1956.
 
 
Am i right or not in above calculation?
 
Shivani
 

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