[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    Get Jokes, Facts, Vocabulary, Pictures, Songs in your Email   Join Wisdom Garden with your Yahoo Mail ID   Link: http://in.groups.yahoo.com/group/wisdomgarden/   After Joining, Check your Spam Folder and mark mails sent by Wisdom Garden as NOT SPAM to get mails in your Inbox.

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