Clarification for Issue of C-Forms

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GOPAL KUMAR AGRAWAL (Querist)

25 December 2010 Please give clarification on following Issue:

If the interstate sale is made on 31.03.2010 but the purchaser has received the goods in April so as per rule the Purchaser will issue form in first quarter of next financial year instead as per the date of sales invoice. Please let us know how to resolve this issue when date of sale is booked on date of issue of goods and date of purchase is entered on date of receipt of goods are in two different quarters

CA.Madhusudan B.P.

CA.Madhusudan B.P. (Expert)

25 December 2010 it is not on the date of receipt by the purchaser, the "C" form shallbe issued for the quarter in which the invoice is issued

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Gagan Agarwal

Gagan Agarwal (Expert)

28 December 2010 Rule 12 of the CST Rules, 1957 clearly specify that in case of any transaction of sale the delivery of goods is spread over to different quarters in a financial year or of different financial years, it shall be necessary to furnish a separate declaration or certificate in respect of goods delivered in each quarter. Accordingly, the purchaser can give C Form for April to June quater and which will be acceptable to tax authorities.

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