Dear All,
We are purchasing goods with 'c' form. Can we purchase otherthan manufaturing goods?
For Ex: We are doing Hotel business and purchase new generator and can we claim cst?
Please explain me.
urs
Saravanan
2 Replies
Vijay D
(Finance Executive)
(227 Points)
Replied 01 September 2009
Dear Saravanan,
Since you are end customer & not re-selling the generator your not eligble to claim any kind of Input Tax credit. Also note that CST is not cenvatable tax hence it should go to your cost.
BeyondConsultants
(CA/CS/LLB(DU))
(184 Points)
Replied 01 September 2009
No - Form C can be used only by a registered dealer for the goods mentioned in his registration certificate and for the following purposes:
- Reselling
- in manufacturing process
In case of Hotel, except for Food VAT is not payable on any item and also it will be dificult to proof the direct use of generator on cooking food.
In case you have any other query do write directly to us at beyondconsultants @ ymail.com or sms at 9891950868
Regards
Nikhil
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