Form c against purchase of genset
This query is : Resolved
24 April 2015
can form c be issued by a restaurant owner to the seller for purchase of genset used by the restaurant for providing power supply in the restaurant.
01 May 2015
As per the CST rules, uses of C form are restricted to resale, manufacture, processing material, packing material,raw material for manufacture, telecommunication, mining and electricity generation. In your case none of these uses are fulfilled for genset purchase as it is neither for resale nor it is for manufacture or processing or packing therefore purchase of genset against C form is not permitted. If done it will invite penalty under CST Act and Rules.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- GST REFUND ON EXPORT EXPENSES OF EXEMPTED GOODS
- GSTR9 and 9c
- Ineligible ITC taken
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
