If we received big machinery, it requires 120 days time for installation and testing, in such case can we update c form after 120 days of invoice. for exp: if big machinery received during march 2013, it will be cleared from engineering dept only after erection and testing which takes more than 120 days (say end of June 2013) can we update the same during June 2013 to obtain online " c Form" from Karnataka VAT dept.
01 November 2013
Here,in order to avoid problems,bring the mahinery on tentative testing cum approval and sale bassis i.e.on a proforma invoice. After confirming the purchase get a regular invoice account it in the normal way to claim 'C' forms also.....mjk