Cst and c form
This query is : Resolved
05 September 2015
A company purchased a product on interstate sales and was charged 5% for not issuing C form in 2013-14. Now in 2015-16, the company issued C form and the seller gave the buyer a refund of 3% which was paid excess through Cash. What should be done??
05 September 2015
Since the C form is in relation to the period 2013-14 , nothing is required to be done in 2015-16.
For 2013-14, returns should be revised for proper disclosure of transactions.
For 2013-14, returns should be revised for proper disclosure of transactions.
08 September 2015
Tax audit is already done for that financial year. How can we revise the return
09 September 2015
In Form 3CA and 3CD, there is nothing which requires disclosure for C Form. VAT returns needs to be revised.
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09 September 2015
Thank you so much. Moreoever, can we take input credit for CST puchases made during the current year @5% without C form against VAT liability.??
09 September 2015
No ITC for CST purchase. ITC only on local purchases.
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