Cst sales with form c & form i

Input tax credit can be utilised for payment of CST. As far as I understand form - i is used for sale to SEZ unit for interstate sale. For local sale there has to be three set of invoices, one will be signed by the principal officer of the SEZ and returned to the seller to substantiate that sale has been made to SEZ. Hope it clarifies your problem.

In case of SEZ intrastate supplies , purchasing SEZ Unit will issue VAT Form 616 to suppliers.

Dear Bhaskar and ajit kumar dubey 

VAT ITC can be adjusted against CST only in the case where there is more ITC available even after setting of it against the sales tax liability.

i.e if Output tax = 100 and Input tax = 120 then the balance 20 refund can be adjusted against CST payable 

I FORM available only against inter state sales 

The sales to sez within the state would be shown in the return as sales not liable to taxation..

Ok ....

dear sir,

we are a dealer, our customer is an SEZ out of state. he wants cst exemption against form I & excise exemption also against are3 . can he give I form directly to the principal manufacturer? the billing has to be routed though us since credit is involved.

Dear Mudit,

Please refer purchase order from customer, if PO on your name, you have to Bill to customer and customer will issue form I to you.

If PO on principal, and billing by principal directly to customer, then customer can issue form I to principal.

I hope it will make clear to you..

Baskar

dear mr. bhaskar,

thank you for reply.

the PO is on our name but the problem is that nil excise is also involved and  the material is moving directly from mfg. location to customer premises, they want to give I form directly to mfg.

kindly give us a solution if possible.

thnks.