Hello,
I'm a regd dealer in Maharashtra. I purchased machinery(fixed asset) from Gujrat by paying 2% CST instead of 5%. I'm yet to give him C form. I have the following questions:
1) Is C form given while purchase or at the end of the quarter or year?
2) Can C form be given for purchase of fixed asset?
3) Since I've already paid duty @ 2% and not given C Form yet, what if I do not give C form to the seller at all? Will he recover the additional 3$ duty?
4) The Machinery was purchased in February. Does the detail of the same have to shown in VAT return for that period? Or only goods are covered in VAT Return?
CAclubindia
