C form whether defective?

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CA R MUTHURAJ (Querist)
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25 February 2012 Dear Sir,
In the case of issue of C Forms,the purchasing dealer has to account for the invoices received from the selling dealer for a particular quarter on the basis of the invoices they have received. The time limit for issue of C Form is 3 months from the end of the each quarter. Therefore One Form C will contain the invoice details of the previous quarter. My question is if the C Form which contains the invoices of the preceding to the previous quarter invoices, whether will become defective?

For Example:
Seller X invoices to the Buyer Y for the period from April 11 to June 11 and July 11 to August 11. The Buyer issues a C Form for the quarter July 11 to August 11 on material receipt basis (means material invoiced on June 11 end is received/ accounted by him in July 11) The C Form contain the Ist Quarter bills in the IInd Quarter, when we submit the C Forms for assessment, the sales authorities said the entire C Form is defective. Is it defective? Is there any case law or notification in support of the cases where C Form is not defective. Please clarify.

CA. Hari Kishan

CA. Hari Kishan (Expert)
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25 February 2012 C forms are always to be issued as the invoice date of the supplier and not on the basis of the receipt of the goods by the purchaser.

C forms are to be submitted by the selling dealer to his commercial tax office and the same shall be required for his assessment of books. The purchaser has nothing to do with the same. Though he accounts the purchases on the basis of receipt of goods, C forms are to be issued as per the invoice date ACTUALs only.

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