ISSUANCE OF C. FORM

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2010 IF I PURCHASED ZERO RATE ITEM FROM OTHER DEALER OUT SIDE STATE . IS THERE ANY COMPULSON ON US TO ISSUE C. FORM TO SUCH DEALER.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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08 November 2010 Yes , It is compulsory to issue form "C", in case of inter state purchase.

CA.Madhusudan B.P.

CA.Madhusudan B.P. (Expert)
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08 November 2010 when you purchase the goods from Interstate which are exempted from levy of taxes. No need to issue C Form.
The purpose of issue of C form is to get concession in tax rate.
If the goods in question are not taxable in the state of sale, then even in interstate sale, there cannot be tax. And hence no need to issue C form.

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Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2010 pls provide reference of this.

CA.Madhusudan B.P.

CA.Madhusudan B.P. (Expert)
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09 November 2010 Can we know in which state you are refering to?

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2010 MAHARASTRA