SHIV KUMAR (CA FINAL) (143 Points)
30 June 2012
PLEASE GIVE ME UR VALUABLE SUGGESTIONS :-
1. WHAT IS THE PROCESS OF GETTING C' FORM.
2. TO WHOM C'FORM CAN BE ISSUED.
3. WHAT IS THE TREATMENT OF C' FORM IN CASE OF PURCHASE RETURN?
PLEASE REPLY FAST.
RENGARAJ R.K
(ADVOCATE)
(7557 Points)
Replied 03 July 2012
"PLEASE GIVE ME UR VALUABLE SUGGESTIONS :-
1. WHAT IS THE PROCESS OF GETTING C' FORM.
2. TO WHOM C'FORM CAN BE ISSUED.
3. WHAT IS THE TREATMENT OF C' FORM IN CASE OF PURCHASE RETURN?
PLEASE REPLY FAST."
Each state has presecribed guidelines and procedures for getting c form. Whenever a query is raised, please indicate the state which the query relates to.
1) on line c forms are available in many states, for which the quarter wise, party wise purchase details are to be provided in the system. For manual c form also, you have to provide the above information to the A.O along with application. The primary condition is:- You should have reported all the interstate puchases in your VAT return.
2) If you purchase from registered dealers in other states against concessional rate, c forms will be issued to the party.
3) There are two options. a) Not to disturb the earlier c form already issued b) If subsequently issued after purchase return, you can deduct the purchase return value .
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