Regarding form c
This query is : Resolved
14 November 2015
Dear Member(s)
please give me ur valuable suggestion
A pvt comp purchased Machinery from lark industries ltd.against Form C @2% his New Factory
Whether the purchasing com. can issue Form C to Lark industries against purchase of machinery ( capital goods)
Regards
Mukesh
please give me ur valuable suggestion
A pvt comp purchased Machinery from lark industries ltd.against Form C @2% his New Factory
Whether the purchasing com. can issue Form C to Lark industries against purchase of machinery ( capital goods)
Regards
Mukesh
14 November 2015
In my opinion when purchased for personal use i.e. for other than sale than buyer cannot issue C form for purchased of such goods. The buyer is required to pay full applicable tax on such goods. C form issue only in the case if goods purchased for resale purpose.
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