Buyer from maharashtra purchased goods from gujarat they were purchased against C form. invoice date 21/oct/11 invoice value 27000. full consignment was returned back to seller on 20/dec/11. the buyer has issued debit note of 27000 on seller.seller is now also demanding c form which the buyer has not issued. please let me know that .. seller demanding c form is valid as all goods are returned back to seller ? if c form is not given by buyer to seller then what are the penalty for same.
thanks.
As per my knowledge there is no need to issue C -Form to the Supplier as the whole consignment has been rejected by the Buyer.
If the Consignment was partly rejected, then buyer would issue C-Form for the Value = Total Value - Rejected Goods Value = ie. C Form for Balance Value.
Regards,
Devendra Kulkarni
Agree with Mr. Devendra. "C" Form cannot be issue if the all material rejected and debit note raised.
Yes,I agree with Mr.Raj Kumar Garg,there is a, no need of C Form,because transaction is not complete,all goods rejected & Dr.Note issued by party.
We are buyer from maharashtra and purchased from Gujrat.invoice date 02/sep/15 invoice value 97920. full consignment was returned back to seller on 02/nov/15. the buyer has issued debit note of 97920 to seller.and also submit c form for Q2. now Is we need to less this amount from Q3.
bcz we have already submited the C form against this purchase but afterthat we have return the goods to the party n paid CSt AMount to them 1920/-..
please reply
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