Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

cst - validity of old form 3

1391 views

Save Share

Join Us Follow Us Add as Source

Ramya

Company Secretary

29 Points Posted on 06 July 2011

Dear Members

kindly advise me on the following

One of our customer has submitted C form of 1999 against sales transaction (invoice)of 2010 . Whether such an old c form is valid under Central Sales Tax Act or we have to demand a new c form buyer?

thanks in advance

Ramya

Replies (2)

DAYANANDA K N

ACCOUNTS EXCECUTIVE

541 Points Posted on 06 July 2011

Pre vat C forms are not valid for post VAT CST transations. Hence in your case you should ask vendor to give new form C.

Regards

Dayananda

RAJU

LEARNER

966 Points Posted on 06 July 2011

HI,

I dont feel there is any change in CST provisions regarding issue of Form-C subsequent to introduction of VAT. CST provisions are same even now. So I believe, even old forms can be accepted and filed.