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C form against purchase returns

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..... C form against purchase returns
Query (Issue) Started By: - ulhas mulik Dated:- 10-12-2010 Last Reply Date:- 10-12-2010 VAT + CST
Got 1 Reply
VAT / Sales Tax
Hi, My query is with regard .....

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..... ing the C form to be collected in case of purchase return to OMS suppliers. Our sales tax assessement is going on. DCST has raised query that, C form is required in case of purchase returns to OMS Par .....

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..... ties. Can anyone help me on this query ? Thanks in adavance. Reply By ALOKE GHOSH: The Reply: Dear Mr Mulik This has reference to your query about necessity for issuing of "C" forms against purcha .....

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..... se return. In the course of making purchase you have issued necessary waybill for import of such goods against the Invoice of seller and the same is duly recorded in the books and on rejection of goo .....

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..... ds for any reasons while you are returning the goods you must have issued rejection memo and recorded the same in your books and also claimed the reverse entry for such purchase return against the sai .....

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..... d bill in your return. Assuming all the conditions are fulfilled, then you must mention the provision of section 8 of CST Act, 1956 wherein it has categorically been stated that the manner & procedure .....

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..... for issuing "C" forms and in case of rejection of goods there is no such prescription. Had it been a case of stock transfer between the principal and agent , then only question of production of "F" .....

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..... is required. Hope this may assist you. Aloke Ghosh
Discussion Forum - Knowledge Sharing .....

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