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Ghanshyam

Ghanshyam (Querist)
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02 July 2010 Can we issue form C on purchase of transformer oil?

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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02 July 2010 Form C is issued by the dealer for purchasing goods from
the dealer out side the state in which he resides the
effect can be understood ny looking at following example

IF Mr A Registered Dealer in Hyderabad (AP) wants to
purchase goods from Mr B a registered dealer in Mumbai.Mr
B who is selling the goods will charge VAT @ 4% or 12.5% on
the goods if Mr A issues him "C" Form then Mr B should
Charge him CST @ 2% so Mr A is SAving Tax.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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02 July 2010 So if you are fulfilling above conditions C form can be issued

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