Dispute in responsibility of issuing C Forms

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..... Dear Sir Fact of the case: I work for a SPV (Special Purpose Vehicle) registered at Mumbai which is carrying out certain modifiaiton works in a Sugar Factory at Kolhapur, Maharashtra. We have an Agreement with Sugar Factory for the Ownership of the Equipment till the completion of BOOT period and transfer of ownership of the equipments to the Sugar Factory We have placed purchase order on a .....

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..... company in Bengaluru for the procurement and supply of equipments materials required for the Modification in the Sugar Factory. Equipment supplier has raised invoices on us as an Owner and indicated Sugar Factory as the Consignee of goods Query: Who can issue the C forms to the Supplier: SPV as an Owner OR Sugar Factory as a user of the goods to which is inturn producing sugar. As per CST Act .....

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..... , both parties, SPV and Sugar Factory is not fully qualifying to issue C forms to the Supplier Kinldy advice Regards Dipu Joy - Reply By Rama Krishana - The Reply = In simple terms where more than two steps are involved in movement of goods leading to issuance of C form, the parties who are immediate in contact which other in terms of supply of goods would be the issuing and receiving C fo .....

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..... rms. Therefore, as I understood the issue, SPV is buyer of goods from the supplier and therefore SPV should issue Form C to the supplier. An arrangement between SPV and Sugar Factory may be seen as separate transaction or E1 / E2 transaction. - Dispute in responsibility of issuing C Forms - Query Started By: - Dipu Joy Dated:- 4-2-2011 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales .....

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..... Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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