Form-C to be issue Annually or Quarterly

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Hi! Club Friends,

In issuing C-Forms for CST purchases, particularly from Andhra Pradesh, is it mandate to issue separate Form-C for each quarter? & from which rule / notification it was added to CST Act?

And for amounts less than 1/2 lakhs of annual  turnover from the CST purchase dealer, also to be issued for each quarter? Suggest/Guide.

Replies (3)

Dear Ganesh,

Form " C" should be issued quarterly for each dealer for different transactions.

That if suppose you have a 1 dealer .

Goods purchased from that dealer on March 08 for Rs. 10,000 & In april another Rs. 15000 worth of goods purchased.

in above case the quarter means Jan to March 2008 for the Rs. 10000 purchase & Rs 15000 for April 08 to June 08 Quarter.

you will issue 2 Fom " c" to that party.

Please note that dealer having more than Rs. 5 lac turnover should be registered, if the purchasing dealer is having a turnover of Rs. 1/2 lakhs, then he will be charging you local Vat instead of CST because he is not registered under CST Act.

Hi,

The relevant Circular No. 41 of 2005 - 06 dtd 14/12/2005 issued by the Sales Tax Deptt.

Regards,

M P Singh

 

Dear All,

1-I have total 2 purchases during the FY 2009-10

2-One is on 25/12/09, say for Rs. 100

2- Second on 25/3/10, say for Rs.100

3-can i issue one Form-"C" for both quarters (falling within same financial year)

 

Regards

Shyam


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