Can a registered dealer in Karnataka Issue C Form in respect of purchase of Cements, TMT Bars for Construction of Plant. Further, Can i Isse C Forms for purchase of MACHINERY
Pavan Jain S (Chartered Accountant) (1575 Points)
24 February 2011Can a registered dealer in Karnataka Issue C Form in respect of purchase of Cements, TMT Bars for Construction of Plant. Further, Can i Isse C Forms for purchase of MACHINERY
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 25 February 2011
C forms can be issued only to those goods which are covered under the registration certificate of the dealer. Purpose for which you can buy materials against C form is Manufacturing, resale, packing etc as laid down under CST Act.
So to procure material against Form C 2 points are important
1) Whether the goods are covered under registration certifcate of the dealer
2) Whether it for the purpose as laid down under CST Act.
Regards
Dayananda
Pothuganty sudheer
(Consultant, C.A, C.S)
(411 Points)
Replied 25 February 2011
I agree with Dayananda.
C Forms cant be issued for those materials which are not covered by registration certificate and cant
be issued for any purpose other than the purpose laid down in CST act. As the purpose of
procurement is for the construction of Plant, C form cant be issued.
Expert opinion is welcome.
Best regards,
Vikash Kharvar
(Dy. Manager -F&A)
(469 Points)
Replied 25 February 2011
I am also agree with above suggestions.
kamlesh s
(Partner)
(41 Points)
Replied 25 February 2011
I have a similar issue.
I have register myself for vat and cst.
The form says Corrugated Boxes in the commodities.
Now I have to purchase machines to manufacture corrugated boxes.
will I get a c-form for the machinery?
kamlesh s
(Partner)
(41 Points)
Replied 25 February 2011
/forum/pe-2-central-sales-tax-update-2009-50630.asp
I think this has the answers.
Thank you all.
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