form 'C' agaisnt supply of Fixed Assets

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Hi,

please clarify the below quarrey

1. shall we issue form "C" agaisnt supplies of Fixed assets?

thanks

Saradhi

 

Replies (13)
Originally posted by :Saradhi
"

Hi,
please clarify the below quarrey
1. shall we issue form "C" agaisnt supplies of Fixed assets?
thanks
Saradhi

Dear Saradhi,

You can issue for "C" against fixed asssets,Subject to it should be mentioned in the CST registration certificate as Plant machinery or equipment etc..,for details u may call immediate at 9425176510
 

"


 

Yes we can issue the Form C against the fixed Assets...

I think u should NOT. Form C is issued only for trading activity and nor for any capital purchase / sale transaction.
 

 

Amit

You can definatly issue "C" form against supply fixed assets

C form is a form for conncession of tax towards Interstate purchases. You can definatly issue "C" form against purchase of fixed assets also.

Form C is issued only for trading activity and nor for any capital purchase / sale transaction. I suggested the Form C not issued for the purchase of Fixed Assets.

form C can be issued only for good puchased and not for fixed assets

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clarify  the same by notification

 

Originally posted by :Saradhi
"  C Form can be issued for the following goods by a registered dealers:-

a) The goods of the class or classes specified in the certificate of registration of the registered dealer purchasing the goods as being intended for re-sale by him or subject to any rules made by theCentral Government in this behalf, for use by him in the  manufacture or processing of goods for sale or in the tele-communications network or in mining or in the generation or distribution of electricity or any other form of power;

(b) are containers or other materials specified in the certificate of registration of the registered dealer purchasing the goods, being containers or materials intended for being used for the packing of goods for sale;

(c)j are containers or other materials used for the packing of any goods or classes of goods specified in the certificate of registration referred to in para (a) above or for the packing of any containers or other materials specified in the certificate of registration referred to in para (b) above.

"


 

Originally posted by :Amit
"

Amit,

C forms can be issues to any asset subject to metion that in the CST Registration certificate.

 

suresh

 

 

I think u should NOT. Form C is issued only for trading activity and nor for any capital purchase / sale transaction.
 
 
Amit

"


 

C form will be issued for inter state sale of goods. Your fixed assets are goods to supplier. So goods sold interstate should be accompained by C form

Sir A Works Contractor company register dealer in Andhra Pradesh. As a works contractor  the company eligible purchase the fixed asset against 'C' form. Kindly clarify

Being a construction company should i issue the C forms for the equpments purchased used for the activities done.

Regards,

 

Vijaykumar


CCI Pro

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