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TMI BlogForm "C" ProcedureX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Friends, The CST Act clearly states that the Declaration (Form C) shall cover all transactions pertaining to one Quarter in a single form and seperate Form" C' has to be for transactions in different quarters unless a transaction spreads to more than one quarter. Hence if a buyer by mistsake club transactions pertaining to two quarters in one Single Form, can the Assessing Officer of the Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ller be requested to accept the Form "C" submitted in theabove said manner when other things are in the prescribed manner. Does the Assessing Officer has discretional power to accept such Form "C" or Fresh Forms "C" covering transactions on quarterly basis have to be obtained from the buyer concerned and submitted by the Seller. I assume the Onus is on the buyer who avail the concessional tax t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o provide the Seller with Proper Form "C" in the prescribed manner obtained from the Prescribed Authority. Am I right. Kindly clarify. Thanks With Regards, K.Srivatsan - Reply By vivek singh - The Reply = As per the law, The onus is always on the Assesse. It is not acceptable by AO. If this time AO accept than further, at the time of assessment this question will arise again that why dea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ler mention 2 qt. transaction in one C Form. At the end it depends on the AO opinion. - Reply By Usha Mani - The Reply = The Rules clearly say that transactions during a quarter can not be covered in a C form issued for the next quarter. THe AO will definitely return the C forms issued for the both quarters for necessary inclusion and deletion. It is always advisable that all the rectif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ications are properly carried out before submission to the AO. For reference extract of the corresponidng rule is given below. THE CENTRAL SALES TAX (REGISTRATION AND TURNOVER) RULES, 1957 Provided further that a single declaration may cover all transactions of sale,which take place in a quarter of a financial year between the same two dealer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s: Provided also that where, in the case of any transaction of sale, the delivery of goods is spread over to different quarters in a financial year or of different financial years, it shall be necessary to furnish a separate declaration or certificate in respect of goods delivered in each quarter of a financial year. Thanks and Regards, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R USHA VAT and CST consultant - Form "C" Procedure - Query Started By: - Srivatsan Krishnamachari Dated:- 17-4-2012 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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