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If buyer refuse to give c form then how to dispach equipment

Saif (Manager) (26 Points)

13 March 2012

Dear All,

Thanks in advance :)

Our company has a project in which we have to resell a product in Punjab Jalandhar which we have purchased from our OEM and we have to install that equipment there now please let me know if the buyer refuses to provide C form or any documents like road clearance and TIN No. then how can we dispatch the equipment there in Jalandhar from Delhi.

Suppose we purchased it in Rs. 100 ( We have paid 12.5 % vat on this purchase)

We sold it to them in Rs. 110 + (How much TAX as they are not providing C Form)

Installation Charge Rs. 5

Frieght Charge Rs. 4

What is the legal process to dispach the equipments so that nobody will fine while transporting.

What % of tas we should charge and where to submit it ?

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4 Replies

Kolluru Krishna Murty (Partner) (315 Points)
Replied 13 March 2012

If no C-Form is provided it is to be treated as local sale and applicable State VAT has to be billed and despatched.

You have to give a way bill in the proforma along with Invoicee-cum-Delivery challan and the descripttion of the goods and packing list so that no one can get doubt about the contents and the properties of the material.

kkm

1 Like

Saif (Manager) (26 Points)
Replied 13 March 2012

Dear Mr. KKM, Thanks!

It means we have to pay 12.5 percent and there we have to pay VAT on Rs. 110 it would be around 25%.

And how do we get the way bill , Invoicee-cum-Delivery challan ?

Can you send me a format ?

Please I am totally a layman in taxation and all these but we have urgent requirement.

Kolluru Krishna Murty (Partner) (315 Points)
Replied 14 March 2012

Way bill is to be obtained from the Commercial Tax Officer or whatever name they call in your State on payment of nominal amount and on payment of some bribe-???.

Invoice-cum-delivery challan can be prepared as per your own requirement,the VAT Act gives you the information that is required to be given statutorily in the Invoice.

So please talk to some trader in your area who can give you a proforma.

Please be careful,you should give the statutory info as per VAT act in that.

kkm