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TMI BlogIssue of Form CX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Sales made on 31.03.2015 (F.Y 2014-15) from Haryana Dealer to Gujrat Dealer against Form C and material received by party on 04.04.2015 (F.Y. 2015-16). Please confirm in which quarter, party should be issue Form C in March 15 Qtr or June 15 Qtr as per CST law. Regards Pankaj Gupta M-09212401641 - Reply By JSW CEMENT LIMITED - The Reply = The C form should be issued in the same qua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rter in which invoice has been issued. It has nothing to do with the receipt of material. Regards, V.Venkat Raman - Reply By YAGAY AND SUN - The Reply = Dear Pankaj, Reply:- Legislation:- The 2nd proviso to rule 12(1) in the Central Sales Tax Rules (Registration Turnover) rules, 1957 reads as follows: Provided further that a single declaration may cover all transactions of sale, w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich take place in a quarter of a financial year between the same two dealers . The 3rd Proviso to the same sub-rule reads as follows: 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of goods delivered in each quarter of a financial year . From the above two provisos, we stem following conclusions, namely:- 1. If the transactions are taking place in a quarter between the parties (i.e. whatever is being sold in quarter by the seller, is being received by the purchaser within that quarter only), then, a single C form would cover all such invoices which was issued by seller to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purchaser in Inter State Sales transactions. Example: - Seller A of the Delhi sells certain goods to the purchaser B of the Haryana in the first quarter of year 2014 and purchaser receives such goods within this quarter itself. Then a single C form will cover all the invoices so issued by seller to purchaser. 2. If case of any transaction of Inter State Sales, if the delivery of goods is spread o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver to different quarter in a financial year or of different financial years, then, in such scenarios a separate C form or Certificate would be issued by the purchaser to the seller of the goods. Example: Seller A of the Delhi sells certain goods to the purchaser B of the Haryana in the last quarter of financial year 2014-2105 and purchaser receives some goods within this quarter itself and some g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods in the Month of April 2015. Then, in this scenario two separate C forms will be issued to cover all the invoices so issued by seller to purchaser. One C form will cover the invoices against which goods were received by the purchaser in the last quarter of the f.y. 2014-2015 and the other C form would cover the invoices against which the goods were received by the purchaser in the month of Apr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... il 2015. - Reply By JSW CEMENT LIMITED - The Reply = I fully agree with the reply and explanation given by M/s.Yagay and Sun and withdraw my reply in toto. regards. V.Venkat Raman - Issue of Form C - Query Started By: - PANKAJ GUPTA Dated:- 9-9-2015 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 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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