Hi all,
I want some clarifications about the conditions for issuing C Form.
"If a buyer (Software Company) purchased a fixed asset (Computer Desktop) from other state (OMS Purchase) means is not trading in that particular product, then is he eligible to issue the C Form for that purchase or not?"
Please answer me in full explanation
Thanks & Regards
Rahul Kulkarni
Form C can be used for the purchases of goods which are used in manufacturing whether as input or fixed asset.
In your case, you are software manufacturer so computer are fixed assets for manufacturing for you, so u can purchase it on form C.
Dinesh
Shyam Joshi & Associates
Pune
B.Com
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Karia Overseas
Ahmedabad
CA
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CAclubindia
