CST

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 R/SIR

WHAT IS C FORM,WHOM TO ISSUE C FORM BOTH BUYER AND SELLER ISSUE C FORM EACH OTHER,CAN WE TAKE CREDIT ON VAT. PLS SOLVE MY QUERY.

THANKS

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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17 December 2010 1. Form C is issued in case of inter-state purchase.

2. It is issued by the buyer.

3. No you cannot take credit on VAT.

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 DEAR SIR,

THANKS FOR MY QUERY WE CAN TAKE SET-OFF ON OUT VAT.AND HOW TO ISSUE C FORM TO BUYER BEFORE PURCHASE OF ANY GOODS OR AFTER.

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CA Manikandan.A.V

CA Manikandan.A.V (Expert)
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17 December 2010 C form is to be issued by a buyer in order to avail reduced CST rate. The form is available from the ST Dept on submission of Request from the Supplier. you need to pay a nominal fee also. After issuing C Form you are required to file a consolidated C form issue statement to the Dept. The provisions differ state by state as per the local law.