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C form query
Hi,
A client of mine purchases taxable raw materials from outside of maharashtra against C Form . He manufactures his final product from these very raw materials. The finished goods are tax free goods and as such are not taxed at all. The sale of said finished goods happens outside of maharashtra, again necessitating the issuance of C Form.
Now, my question, how do i clain set-off of the CST i am paying on purchases (if possible) and do i need to issue a C Form to my customers for tax free goods? Or do i have to just make a blank C Form and submit it for the sake of C Forms?
Any and all help will be much appreciated.
Replies (5)
- CST paid on purchases cannot be set off against CST on sales
- If the final goods sold are exempt from tax, then there is no need to issue C form. C form is issued only to avail concessional rate of CST
Agree with the above view. even if final goods are taxable, you dont have to issue C forms. Your customer would issue C form to you to avail concession.
Sir i want to know that while i am issuing cform i bymistake clicked resale option instead of manufacturing option and issued the cform, is this cform will be acceptable?
I think yes. becoz. for resale of goods. see the firm "C" Itself there r 3-4 options are there ti give( -/).
are you sure sir ?
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