Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Form c

Gopalakrishnan Mahalingam (Article Assistant) (282 Points)

21 March 2017

Whether Form C can be given for Fixed Asset purchase? the asset not for the purpose of manufacturing of goods.

Reply
Follow
Share

8 Replies

Ajit Hegde (CA - Final) (1367 Points)
Replied 22 March 2017

Yes. C form can be given for purchase of fixed assets also

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

denny (Finance manager) (25 Points)
Replied 23 March 2017

how to issue C form for items billed in march 31st by the seller. Seller received goods on 5th April next financial year.

Gopalakrishnan Mahalingam (Article Assistant) (282 Points)
Replied 24 March 2017

We can issue for the date 31st march! The invoice is dated on 31st march only. so we can also enter in our books on the same day, even if it is received on 4th of Apr

Gopalakrishnan Mahalingam (Article Assistant) (282 Points)
Replied 24 March 2017

@ Ajith Hedge: In Tamil Nadu, the particular annexure for CST purchase is showing only the following reasons for issue C form. But the asset was actually purchased for other than the purpose of manufacturing. Kinldy help me to resolve this issue.

Ajit Hegde (CA - Final) (1367 Points)
Replied 24 March 2017

For what purpose it was purchased?

Upgrade to CAclubindia Pro. Subscribe Now!

Gopalakrishnan Mahalingam (Article Assistant) (282 Points)
Replied 24 March 2017

It s a jym equipement. purchased for the purpose of therir employees. Can we get C form for that?

Ajit Hegde (CA - Final) (1367 Points)
Replied 25 March 2017

No. Only for those goods that are mentioned registration certificate (list of commodities) and used in mfg / resale or other purposes in the above screenshot, C form can be issued.