taxation

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motilal

motilal (Querist)
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18 August 2009 Respected sirs,

Can I purchase a capital goods
against form C.

Thanks

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)
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20 August 2009 A manufacturer is eligible to purchase capital goods against Form C, if the goods are covered in his registration certificate issued under the CST Act, 1956 and the goods are to be used for sale, that is the goods manufactured or processed by the registered dealer must be the goods intended for sale. Hence, if you comply with the conditions mentioned above, you would be eligible to procure capital goods against Form C.