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C form against machinery (fixed assets)

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2016 Dear Sir,
I am working as an accountant in a manufacturing concern. We had bought a machinery in against C form. My question is that we can purchase fixed assets against C' form or not. If yes, how to make entry in tally software, that fixed assets purchase against c form. Please suggest me at the earliest.
Thanks & Regards,
Ramesh Kumar
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Kumar Gaurav

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Kumar Gaurav (Expert)
28 March 2016 Form C can be issued for goods which is used for inter alia resale or manufature. ou can provide C form provided you are registered under CST and such registration certificate includes the plant and machinery you want to issue Form C towards..
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