ISSUE OF C FORMS , FINAL PRODUCT IS TAX FREE
This query is : Resolved
16 September 2009
THE ASSESSEE IS A REGISTERED DELAR UNDER VAT AND CST . THE FINAL PRODUCT IS TAX FREE I.E. THERE IS NO VAT AND CST ON SALE OF PRODUCT /SERVICES BY THE ASSESSE
1) CAN ASSESSEE BY GOODS AGAINST C FORMS AND ISSUE THE THE SAME IN FAVOUR OF SUPPLIERS
2) WILL IT MAKE ANY DIFFRENCE IF THE PURCHASES ARE FOR FIXED ASSETS FOR SET UP A FACILITY BY THE ASSESSEE
3) WHAT ARE THE REMIDIES IN CASE PURCHASES HAVE BEEN DONE AGAINST C FORMS
1) CAN ASSESSEE BY GOODS AGAINST C FORMS AND ISSUE THE THE SAME IN FAVOUR OF SUPPLIERS
2) WILL IT MAKE ANY DIFFRENCE IF THE PURCHASES ARE FOR FIXED ASSETS FOR SET UP A FACILITY BY THE ASSESSEE
3) WHAT ARE THE REMIDIES IN CASE PURCHASES HAVE BEEN DONE AGAINST C FORMS
CA. O.P. Agarwalla
(Expert)
22 September 2009
PL. RFER SECTION 8(3) OF THE CST ACT.
REPLY OF YOUR FIRST QUESTION-
YES YOU CAN ISSUE C FORM.
2ND QUESTION:-
CAN BE ISSUED IF MACHINERIES ARE TO BE USED FOR MANUFACTURING OF GOODS FOR SALE OOR FOR GENERATING ELECTRICITY.
3RD QUESTION:-
I COULD NOT UNDERSTAND THE QUESTION.
REPLY OF YOUR FIRST QUESTION-
YES YOU CAN ISSUE C FORM.
2ND QUESTION:-
CAN BE ISSUED IF MACHINERIES ARE TO BE USED FOR MANUFACTURING OF GOODS FOR SALE OOR FOR GENERATING ELECTRICITY.
3RD QUESTION:-
I COULD NOT UNDERSTAND THE QUESTION.
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