04 February 2013
A COT dealer under Karnataka VAT is not permitted to make a interstate purchases and hence the question for issue of C form may not arise.
04 February 2013
sir der is a circular/notification issued under karnataka vat act whereby COT dealer can issue C form on purchase of capital goods viz. macinery etc. on inter state purchase. do u hav any info regarding dat circular/notificaton. pls share thanking u
05 February 2013
The act has specific restriction on a COT dealer that they cannot make any kind of interstate purchases. Only exception being a Composition dealer under construction contract, who are permitted to make interstate purchases against issue of C form. (Brought as amendment to sale definition vide Finance Act, 2002)
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