C Form for material is supplied excess

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..... Whether C Form can be issued even material is supplied excess than PO/ Contract? We had sold excess material to customer / client to complete order. Supplied quantity was more than PO quantity. Now the customer is refusing to issue Form C arguing that we had supplied excess material. Pls let me know if there any case law on this issue. Thanks Saket - Reply By MUKUND THAKKAR - Th .....

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..... e Reply = please clear the following point. 1. your customer will pay you excess amount against supply of excess material ? - Reply By saket s - The Reply = No, the client is not paying anything extra. The excess materials were supplied to complete the desired work. - Reply By MUKUND THAKKAR - The Reply = At the end of year non receipt of payment against this supply will be write off.. .....

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..... As per my view convert this supply as free supply.. and collect c form of balance amount. Generally, VAT is to be collected on sale of goods to a person in a consideration.. If goods are given at free of cost, does not attract VAT. But if It is dutiable product, then it has excise duty liability. which you had paid.. - Reply By YAGAY AND SUN - The Reply = If you treat this material as FOC s .....

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..... upply, then Input Tax Credit needs to be reversed proportionately in addition to reversal of CENVAT credit. - Reply By Ganeshan Kalyani - The Reply = In my view Form C is not required for free of cost material. This is because you will not be charging anything for the excess material supplied. As such the sales register will not show the amount of excess material supplied. Hence no need to colle .....

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..... ct form c. Thanks. - C Form for material is supplied excess - Query Started By: - saket s Dated:- 1-2-2017 Value Added Tax - VAT-CST - Got 5 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 .....

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