03 August 2015
Our organisation is selling to the different customers in In India.We had received an order from BSNL in 2010-11 for supply of goods and installation work.
AS per the customer's order, we had to deliver the goods at the various consignees in all over india.
In F.Y. 2011-12 , Month of March 2012 , goods were dispatched to 10 different consignees. For 5 Consignees , sales were accounted in March 2012 and for balance 5 Consignees sales was booked in April 2012 as the goods were not receievd by the consignee upto 31.03.2012.All the goods were taxable at the rate of 2 % against Form-C.
BSNL Issued a single Form -C for all the 10 consignees, as all the excise invoices were of march 2012.
This C Form was rejected by the sale tax authorities on the ground that sale of the same were accounted in diffrent quarters of two financial years.
Your valuable opinions are needed on this rejected FORM-C.
CAclubindia
