What is form 16
This query is : Resolved
anoop bhatia
(Querist)
27 November 2011
Sir/Madam,
We are auditing purchase in Utranchal, we have seen that most of the purchase are from outside Uttranchal, and each invoice from other state come with Form-16 of VAT issued by the purchaser from Uttranchal.
I want to know What is form 16 and why it is used.
So far as I knew that in case of purchasing goods from other state the purchase have to issue Form-C to procure goods with lower rate of CST.
So why Form 16 is used here instead of Form-C of CST ?
We are auditing purchase in Utranchal, we have seen that most of the purchase are from outside Uttranchal, and each invoice from other state come with Form-16 of VAT issued by the purchaser from Uttranchal.
I want to know What is form 16 and why it is used.
So far as I knew that in case of purchasing goods from other state the purchase have to issue Form-C to procure goods with lower rate of CST.
So why Form 16 is used here instead of Form-C of CST ?
anoop bhatia
(Querist)
02 December 2011
Please reply the query, it is urgent
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