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Form c.f.i

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(Querist)
18 July 2013 plz tell me what is different b/w form c,f,i. and can we taken the vat credit against exempted goods.
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Aashish Tiwari

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Aashish Tiwari (Expert)
19 July 2013 C form is used for interstate purchase trasaction.
F form for branch transfer
Form i for Inter-state sale, made to a Special Economic Zone (SEZ) dealer registered under the Central Sales Tax Act, 1956 for use by him in authorized operations in the unit in SEZ, is exempt from payment of the Central Sales Tax if the selling dealer furnishes Form I to its assessing authority after obtaining it from the SEZ dealer.
No vat credit against Exempted goods.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
19 July 2013 PLEASE NOTE ITC (INPUT TAX CREDIT) IS ELIGIBLE ONLY ON THE STRENGTH OF TAX INVOICE AND TAX SHOULD BE APPLICABLE ON THE COMMODITY AND IT SHOULD BE PURCHASED WITHIN THE STATE. SO VAT CREDIT IS NOT POSSIBLE FOR EXEMPTED GOODS.
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