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Pur of machinery from gujrat by a maharashtra regd dealer

VAT (Legacy) 1315 views 3 replies

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?

 

Replies (3)

    Mr Yashsr,

   Please find the answers for your query as follow:

    1) If you are a manufacturer/processor/miner required machinery listed in the CST RC can be purchased. Any other machine can not be purchased against 'C' form.

   2)It should be submitted to the seller within a quarter of that year,failing which full tax will be payable.

   3) Purchase of fixed assets can not be done using a ' form.

   4) If you can not furnish a 'C' form within the stipulated time you will be liable to pay full tax.

   5) This purchase ,if it is done by producing a 'C' form to the seller has to be declared in the returns.

    MJK 

Originally posted by : MJ Krishnamurthy

        1) If you are a manufacturer/processor/miner required machinery listed in the CST RC can be purchased. Any other machine can not be purchased against 'C' form.

      3) Purchase of fixed assets can not be done using a ' form.  

Hi,

If you meant 'C Form' in point 3), I think 1) and 3) points are contradicting in your reply. Please confirm. Can I purchase Machinery(which is my fixed asset) be done using C Form? Or did you mean that only if Machinery is my goods it can be purchased against C Form. And otherwise I'll hae to pay full tax(i.e. sales tax which is prevalent in seller's state or CST whichever is higher???

Thanks!

   Mr Yashsr,

  Only the machinery listed in the CST registration certificate(already declared and accepted by the registering authority) as per your manufacturing activity can be purchased by using 'C' form. No other fixed assets can be bought aginst  C form.

MJK


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