C form

One option you can take that is at the time of submiting utilization or before that you can send the intimittion to the department regarding the rejection along with the cancel copy of the invoice.

1) Is it a manual C form or online computerised C form which you have issued to the party?

If it is manual, kindly call for the C form and cancel it (all the copies) or alter the value with full signature for the value after reducing the rejected value.

Since this is only beginning of the accounting year, your supplier would not have submitted the said c form to his circle, i believe.

2) It is always better to issue the c form after the next quarter.  Then only you will know whether any purchase return or rejection is there.

rengaraj r.k

Hi Rengaraj,

Thanks a lot for your reply.

It is applied thru online. So can you please let me know what further steps I can do.

Regards,

Vinay

The same thing applies to online c form also.  Here, first you have to approach your jurisdictional vat authorities and inform both thro mail and by way of letter and get acknowledgement.   The letter should state that you want to cancel the C form due to stock rejection.  Collect  c form from the party and send it to the assessing authority with counterfoil for cancellation and after their approval you can issue fresh c form to the party for the correct value.  please note c form is for the quarter and not for month.  So, while cancelling the c form all the 3 months transactions will be cancelled, which please note.

rengaraj r.k