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
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.
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.
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