We are having a standing Instruction regarding the Interstate purchases with our Vendors.
I.E. Updating the materials only for the Good-stk. Since the material is electronic component, chance for damage or breakage is high. If we are updated the materials only for the Good-stocks; Our Purchase register will show only the Good-stk values.
The thing is ; While issuing the C Forms against those Invoices, Which value should we have to consider? As per Invoice value or updated value?
If we are issued as per Invoices, difference will reflect on Purchases accounted and Purchases Invoices.
Does it will be acceptable to our Vendors (ST DPT); if we are issued as per the Good-stock updated as our system?
With Thanks n Regards