Tax collection declaration form requires buyer details, goods purpose, and confirmation that goods will not be used for trading. Declaration form to be furnished by a buyer for obtaining specified goods without collection of tax. The buyer must provide particulars such as name, address, permanent account number, residential status, nature of business or occupation, nature of goods, purpose of utilisation, and estimated amount of payment. The declarant must certify that the goods will not be used for trading purposes and that the declarant is resident in India. The seller-side portion records the seller's particulars, dates, and corresponding amount, with the declaration to be furnished in duplicate and false statements attracting prosecution.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax collection declaration form requires buyer details, goods purpose, and confirmation that goods will not be used for trading.
Declaration form to be furnished by a buyer for obtaining specified goods without collection of tax. The buyer must provide particulars such as name, address, permanent account number, residential status, nature of business or occupation, nature of goods, purpose of utilisation, and estimated amount of payment. The declarant must certify that the goods will not be used for trading purposes and that the declarant is resident in India. The seller-side portion records the seller's particulars, dates, and corresponding amount, with the declaration to be furnished in duplicate and false statements attracting prosecution.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.