shivaji (ACCOUNTANT) (35 Points)
22 October 2010We are purchasing material from our supplier of karnataka state.we make sale inv of purchase return + cst tax to our supplier from karnataka.Please suggest us weather we issue C form of less purchase return or collect c form from supplier of karnata whom we raise purchase return inv + cst.
C Suresh Krishna
(Sales Tax & Excise Professional)
(51 Points)
Replied 22 October 2010
You have purchase material against C Form from a supplier of Karnataka,now material was rejected by you.I think your question is how C form will be issue to that supplier.
1. if u have rejected partial material then u can issue C ( Invoice Value - Value of rejected material).Here i expect that u have issue Invoice/Debit Note for rejection.
2.If material fully rejected then , no need to issue C form
shivaji
(ACCOUNTANT)
(35 Points)
Replied 23 October 2010
| Originally posted by : C Suresh Krishna | ||
 |
You have purchase material against C Form from a supplier of Karnataka,now material was rejected by you.I think your question is how C form will be issue to that supplier. 1. if u have rejected partial material then u can issue C ( Invoice Value - Value of rejected material).Here i expect that u have issue Invoice/Debit Note for rejection. 2.If material fully rejected then , no need to issue C form |
 |
We are in excise.Material rejected by us send on tax inv + (cst.). Pending c form statment shows that c is pending of supplier. Some of our supplier sending us c forms of rejected material and some are refuse. can we request them for pending c form?
C Suresh Krishna
(Sales Tax & Excise Professional)
(51 Points)
Replied 23 October 2010
Seller can collect C Form/Sales Tax Forms.When material is rejected then thers is sale or purchase, u r just sending back material to the supplier.While preparation of sales tax assessment documents, the purchase return will be shown in your books and supplier will show sales return.
If you have central excise registration and material is excisable then u have to issue excisable invoice
vineettaparia@gmail.com
(DGM)
(23 Points)
Replied 09 April 2011
We are Purchasing from A of Maharashtra & We also Located in Maharasthra. But Material will move from Factory of A to directly B of Rajasthan.
Please provide tax cycle for Purchase made by us & Sales made by us. Which form required & how much tax will charges in exch transaction.
Pankaj Arora
(Learner)
(3134 Points)
Replied 09 April 2011
No form require for local purchase rajasthan party will give you C form if they don’t register under CST act than charge full vat according to your commodity..
C Suresh Krishna
(Sales Tax & Excise Professional)
(51 Points)
Replied 09 April 2011
please billing details,i.e. for A of Maharashtra u r buyer and b of Rajasthan is consignee.
C Suresh Krishna
(Sales Tax & Excise Professional)
(51 Points)
Replied 09 April 2011
please provide billing details,i.e. for A of Maharashtra u r buyer and b of Rajasthan is consignee? or bills prepared directly in the name of "B" of rajasthan
vineettaparia@gmail.com
(DGM)
(23 Points)
Replied 09 April 2011
| Originally posted by : C Suresh Krishna | ||
|
|
please provide billing details,i.e. for A of Maharashtra u r buyer and b of Rajasthan is consignee? or bills prepared directly in the name of "B" of rajasthan |
|
WE HAVE REGISTRATION IN MAHARASHTRA, WE WILL BE BUYER IN EXCISE INVOICE OF DELAR OF MAHARASHTRA & CONSIGNEE WILL BE FROM RAQJASTHAN.
Pankaj Arora
(Learner)
(3134 Points)
Replied 09 April 2011
A simple example can be that, suppose A of Mumbai has sold goods to B of Ahmedabad. The goods are dispatched by lorry and L.R. is taken out by A (Mumbai) where in A is consignor and B (Ahmedabad) is consignee. If before taking delivery from transporter, B decides to sell his goods to ‘C’ of M.P., he can simply endorse the L.R. in name of ‘C’ and the sale will be complete. This is the second or subsequent interstate sale in the course of same movement. In this case A must have charged 4% CST in his bill. Being a second interstate sale effected by B to C, B is equally liable to pay CST on above transaction. However the intention of Government is not to levy multiple taxes on sale taking place in one course of movement.
Therefore the subsequent sale is given exemption. However it is subject to production of given forms. In above example, the sale by B to C will be exempt if B produces before his assessing authority Form EI issued by A of Mumbai and Form ‘C’ issued by C of M. P.
In light of above it is clear that the sale effected by transfer of documents of title to goods is eligible for exemption u/s. 6(2). These exempted sales are also referred to as “Sale in transit”.
vineettaparia@gmail.com
(DGM)
(23 Points)
Replied 09 April 2011
| Originally posted by : Pankaj Arora | ||
|
|
A simple example can be that, suppose A of Mumbai has sold goods to B of Ahmedabad. The goods are dispatched by lorry and L.R. is taken out by A (Mumbai) where in A is consignor and B (Ahmedabad) is consignee. If before taking delivery from transporter, B decides to sell his goods to ‘C’ of M.P., he can simply endorse the L.R. in name of ‘C’ and the sale will be complete. This is the second or subsequent interstate sale in the course of same movement. In this case A must have charged 4% CST in his bill. Being a second interstate sale effected by B to C, B is equally liable to pay CST on above transaction. However the intention of Government is not to levy multiple taxes on sale taking place in one course of movement. Therefore the subsequent sale is given exemption. However it is subject to production of given forms. In above example, the sale by B to C will be exempt if B produces before his assessing authority Form EI issued by A of Mumbai and Form ‘C’ issued by C of M. P. In light of above it is clear that the sale effected by transfer of documents of title to goods is eligible for exemption u/s. 6(2). These exempted sales are also referred to as “Sale in transit”. |
|
WE HAVE REGISTRATION IN MAHARASHTRA, WE WILL BE BUYER IN EXCISE INVOICE OF DELAR OF MAHARASHTRA & CONSIGNEE WILL BE FROM RAJASTHAN.
DELEAR OF MAHARAHSTRA SAYING THAT WILL ISSUE BILL UNDER CST 2% AND REQUIRED C FROM FROM US.
C Suresh Krishna
(Sales Tax & Excise Professional)
(51 Points)
Replied 09 April 2011
| Particulars | Billing by A | Billing by you to B |
| Basic Value | 100 | 110 |
| ED 3% | 3 | 3 |
| Sub Total | 103 | 113 |
| CST | 2 | 2 |
| Grand total | 105 | 115 |
Pankaj Arora
(Learner)
(3134 Points)
Replied 09 April 2011
Dear Mukesh
In cst act its clearly written that C form will issue when goods will movement in inter-state so here is A is situated in Maharashtra and Buyer is also in Maharashtra ( Mumbai ) so how can buyer issue C form?
lingamurthy
(Accountant)
(22 Points)
Replied 11 October 2013
we already got c form from sales tax department, we have to send the c form to supplier so please sed the letter how to write the letter to sending the c forms if any format please
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
