C FORM PURCHASES FOR HIRE
This query is : Resolved
hs venkatesh
(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?
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.
Vasanth Kumar J K
(Expert)
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
in this case giving furniture on lease basis amounts to sale [resale] purchaser is eligible to issue form-c
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