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C form which Quarter

vasudev (ca ) (153 Points)

04 June 2009

Say If a inter state purchase invoice is dated 30.03.2009 and the material is received in April, C form is to be issued for last quarter based on invoice date or for 1st quarter based on receipt?

If anything is there to support it will be very helpful .

Thanks

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9 Replies

sitaram (Executive Accounts) (136 Points)
Replied 05 June 2009

"C" form issued on Invoice date basis no on receipt basis. in ur case u have to issued "C' form for Jan.mar qtr.

thanks

Jiwan singh (service) (393 Points)
Replied 08 June 2009

ON : 04 June 2009 at 21:36

Say If a inter state purchase invoice is dated 30.03.2009 and the material is received in April, C form is to be issued for last quarter based on invoice date or for 1st quarter based on receipt?

If anything is there to support it will be very helpful .

Thanks

CMA Poornima Madhava (CMA) (13097 Points)
Replied 31 July 2009

Some cases C form cannot be issued for Q4 but can only be issued for Q1 (apr-june). This is because States where road permits are issued, if the invoice is dated Mar but material reaches the purchaser in April, the purchaser cannot issue C form for Mar because C forms will be issued by CTD as per data available from the road permit and not the invoice.

RAJU (LEARNER) (1089 Points)
Replied 03 August 2009

Hi,

I think the Form-C has to be issued for the quarter to which invoice pertains and not receipt of materials. The basis intention of issuing Form-C is to allow concession for the vendor. If there are spill overs, it becomes very difficult for reconciliation considering the mentalities of VAT assessing officers. As long as materials are received subsequently, such invoices have to be included in the quarter based on invoice dates.

The contents of Form-C also requires the purchaser to mention the Invoice Number and Date and not receipt of materials.

Regards/Dharmaraju