Dear Sir,
I am registered delaer in Bangalore, I am buying the material from Hyderabad & selling the same in Hyderabad. My question is what form I have to collect from my customer(Sales point) , & what form I have to issue to my purchaser(Purchase point), and also how much tax I have to collect from my customer.
You are purchasing from hyderabad and receiving your goods and then selling the same.
If such is the case then you will issue C FORM to your supplier from hyderabad.
You will receive C FORM from your hyderabad customer
Ok ....
At the Time of Purchase:-
1. Issue Way Bill
2. Issue Purchase Order, If Sale is Made against C Form then it Should be Clearly Written on PO
C Form is Issued quarterly by Commercial Tax Department
At the Time of Sales:-
1. Ask for Way Bill from Purchaser
2. Ask For PO, if Against C Form then must be Written in PO
3. if Credit Selling then Ask for Letter of Credit
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
