20 February 2011
I have a complicated query. There are 4 parties concerned in this so I am not sure whether I can purchase against C-Form or not.
Lets keep the parties as A, B, Y, Z I am being represeneted by A and I am registered as Trader for certain commodities under CST ACT. I am a distributor for products supplied by Y. As a distributor, I have signed a contract to supply material to Z. However, Z needs customised packing under their own branding. Hence I have purchased customised rollers from B, sent it to Y for customised packing.
Now my query is since the roller item is not in my list of CST commodities, can I still purchase it from B on C-Form basis at 2%?
Help will be greatly appreciated. Kindly list our the CST Act/Schedule under which the classification will fall.
25 February 2011
This is a one off transaction and in future we intend to get the billing done directly from B -> Z at VAT applicable rather than getting involved as a middle party. 1. Will the Sales Tax Dept issue the C-form in such a case? 2. How can I bill the roller to the client?
CAclubindia
