C FORM PURCHASES FOR HIRE


This query is : Resolved 

(Querist)
19 October 2008 My Company has a client who intends to purchase Office furniture from us against C form. The client states that he intends to rent out the furniture for a MNC who is a lessee of its sister concern for a monthly rental or hire charges.

Can we accept the order against C form?

19 October 2008 Seller is not supposed to satisfy themself about the end use of the product by the purchaser.Accordingly,sales can be made against C form.

20 October 2008 Agreed with Mr.CA.B.Chakrapani Warrier

in this case giving furniture on lease basis amounts to sale [resale] purchaser is eligible to issue form-c


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