Nishith Pursnani (B.com CPFA CFP(student)) (57 Points)
04 April 2012Buyer from maharashtra purchased goods from gujarat they were purchased against C form. invoice date 21/oct/11 invoice value 27000. full consignment was returned back to seller on 20/dec/11. the buyer has issued debit note of 27000 on seller.seller is now also demanding c form which the buyer has not issued. please let me know that .. seller demanding c form is valid as all goods are returned back to seller ? if c form is not given by buyer to seller then what are the penalty for same.
thanks.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 04 April 2012
As per my knowledge there is no need to issue C -Form to the Supplier as the whole consignment has been rejected by the Buyer.
If the Consignment was partly rejected, then buyer would issue C-Form for the Value = Total Value - Rejected Goods Value = ie. C Form for Balance Value.
Regards,
Devendra Kulkarni
Rashid Imam
(Officer (Indirect taxation))
(296 Points)
Replied 05 April 2012
Agree with Mr. Devendra. "C" Form cannot be issue if the all material rejected and debit note raised.
M.K.AGGARWAL
(TAX CONSULTANTS)
(232 Points)
Replied 04 May 2012
Yes,I agree with Mr.Raj Kumar Garg,there is a, no need of C Form,because transaction is not complete,all goods rejected & Dr.Note issued by party.
Sayali Kadam
(1 Points)
Replied 19 January 2016
We are buyer from maharashtra and purchased from Gujrat.invoice date 02/sep/15 invoice value 97920. full consignment was returned back to seller on 02/nov/15. the buyer has issued debit note of 97920 to seller.and also submit c form for Q2. now Is we need to less this amount from Q3.
bcz we have already submited the C form against this purchase but afterthat we have return the goods to the party n paid CSt AMount to them 1920/-..
please reply
Read more at: /forum/c-form-for-goods-return-197032.asp#reply
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