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C FORM

hari (excise incharge) (102 Points)

17 June 2009

We are purchasing materials from SAIL Rourkla Steel Plant. . They are charging CST @ 2% against Form 'C'. Now the department is issuing c form and I want to know if SAIL despatch materials on 26-6-2009 the rake will arrive at ahmedabad on 30-6-2009. In our accounts books some quantity will be entered in June-09 and some quantity in July-09 so the department will issue C form only for the portion which we have entered in June for the quarter AprilJune-09. SAIL is demanding C form for full value for which they have despatched. What is the solution, Please advise. Thanks in advance.

HARI

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3 Replies

L KANAGARAJ (Assistant Manager-Finance) (615 Points)
Replied 17 June 2009

You have to issue Only one "C' Form mentioning the Sellers Invoice No. & Date. Period should be the Invoice Date not our accounting period.

If mistake Pl. correct me.

Prakash (S.T.P.) (23 Points)
Replied 19 June 2009

Originally posted by :L KANAGARAJ
"	You have to issue Only one "C' Form mentioning the Sellers Invoice No. & Date. Period should be the Invoice Date not our accounting period. If mistake Pl. correct me.	"

period means accounting period

a single declaration in form C and certificates in form H, EI and EII will cover all transactions in a period of three months whereas the declaration in form F will cover all transactions in a period of one month only.

pl see circular

No.Trade Circular No. 4 T of 2006 Dated : 09/01/2006