I'm a regd dealer in Maharashtra. I purchased machinery(fixed asset) from Gujarat by paying 2% CST instead of 5%. I'm yet to give him C form. I have the following questions:
1) Is C form given while purchase or at the end of the quarter or year?
2) Can C form be given for purchase of fixed asset?
3) Since I've already paid duty @ 2% and not given C Form yet, what if I do not give C form to the seller at all? Will he recover the additional 3$ duty?
4) The Machinery was purchased in February. Does the detail of the same have to shown in VAT return for that period? Or only goods are covered in VAT Return?
The normal procedure is to give C form while procuring goods from other state for using the same in the Manufacturing Process and the the final out put is meant for resale.
The goods purchased under C form and which is meant for own use and not for resale then you have to pay full tax and can't claim concessional rate under C Form
Please contact the Commercial Tax Department for further details
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