CST : Form-C for each quarter for lesser amounts?

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This query is : Resolved

Ganesh (Querist)

24 May 2008 Hi! Club Friends,

In issuing C-Forms for CST purchases, particularly from Andhra Pradesh, is it mandate to issue separate Form-C for each quarter? and under which rule / notification it was added to CST Act?

And for amounts less than 2/3 lakhs of annual turnover of the CST purchase customer, also to be issued for each quarter? Suggest.

CA Hemant T Dewani

CA Hemant T Dewani (Expert)

24 May 2008 yes in vat tax c form will be issued one's time in the qurter or you apply for c form each quarter only vat tax does not make any different of small assessee & big assessee

Ganesh

Ganesh (Querist)

26 May 2008 Dear Mr. Hemant, CA

I'm asking about CST purchases, not local sale tax, ie., VAT

CA Hemant T Dewani

CA Hemant T Dewani (Expert)

26 May 2008 if your cst purchase is taxable & cst tax is 3% then you will give c form for each quarters

sunil

sunil (Expert)

28 May 2008 yes , it is mandate to issue separate form - c for each quarter, see rule 12(1) third paragraph. subsituted vide no. GSR 588(E) DATED 16.09.2005 W.E.F .1.10.2005.
Issue of form -c not related with turnover.

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