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TMI BlogC Forms Tax Liablities on DeductionX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, We are supplying the Chemicals to out one of the Rajasthan customer, but as per tender contract terms our payment its come on monthly consumption basis also they have deduct the payment on performance basis as per contract terms. but as far as C Forms Concerns, They have given the C Forms after deduction but they have not raised the Debit Note for the same , so please advised me i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f any Sale Tax liabilities has been came on deduction made by the customer? If Yes, Please advised with all legal aspect,Rules all regulations. if no, then please advised how to make the entry in our books. Thanks Regards, Chetan Pawar 9970686579 - Reply By Pradeep Khatri - The Reply = If the customer/client issue the C Form after deduction of some amount due to quantity issue or qualit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y issue from the Invoice/Bill, then, such C form would be deemed as final declaration form. If your customer/client does not issue the debit note, then , you may issue a credit note in this regard. - Reply By Chetan Pawar - The Reply = But what about the c form liabilities, weather it will have to pay to Govt with interest for which amount (Deduction) c Forms not recevied. - Reply By Harish Ch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ander Bhatia - The Reply = When it is brought to your notice that the buyer has debited your account and remitted the balance amount to you. You are required to issue a credit note by crediting the buyer and crediting the debiting sales and CST separately and claim in your VAT return within six months. In that case you will not be liable to pay any amount on account of short realisation of C f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orm. Revert for more clarification. - Reply By Chetan Pawar - The Reply = But Sir, C Form is for the year 2012-2013, then what to do? Please explain with legal sale tax act provision in this regards - C Forms Tax Liablities on Deduction - Query Started By: - Chetan Pawar Dated:- 23-2-2014 Value Added Tax - VAT-CST - Got 4 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply 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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