issue about Form I, VAT + CST

[manikyalarao nande]

Dear sir

We are construct admin building in KSEZ.we purchased cement for this and the SEZ developer gave FORM I to cement manufacturer.KSEZ given form I only for basic value of invoice but manufacturer asks total invoice value

Basic value. = 38,969.12

ED = 0

Cess = 0

Shcess = 0

Freight. = 16,646.88

Total = 55,626

But KSEZ given Form I only for ₹ 38,969.12

Manufacturer asks for total value ₹ 55,626

please give clarification

Thanks&Regards

Posts / Replies

[PERUMALSAMY KANNAN]

Correct, Form I issued for the value of the material, not freight,