Who issued c form and who recieved?

This query is : Resolved

AMIT (Querist)
Follow

24 August 2013 Sir,

My Company purchase material from local consignor and we have intimate him to tfr to other state by transit consignor make invoice against 2% Cst for us how can it possible for us to pay him cst tax invoice format Consingor to Buyer(me)to Consignee other state goods deliver other state. we make invoice transit to other state who issued c form and who recd.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

25 August 2013 Here the difference between local VAT law and CST law should be understood clearly. The first transaction is between two dealers within a state. It is governed by local/state vat law only.It can not be converted into a sale in transit by transfer of documents under sec3(b)of CST Act.An interstate sale i.e. between two dealers of diffrent states,only can be converted into sale in transit.Here you can advise your consignor to send the goods to a customer of other state,by issuing your invoice along with the goods. Your customer can give a 'C' form to you.It will be local sale between you and your consignor.....mjk

Message likes : 1 times

AMIT

AMIT (Querist)
Follow

25 August 2013 Thank you very much Sir,

Upgrade to CAclubindia Pro. Subscribe Now!