Dear Experts,
We have purchase some plastic bins for finished goods storage and sale to OEM's Customer. And after receive our finished goods customer return our bins and we will use again for next dispatch.
Can we purchase this types of bins against form 'C'. Can we issue C- Form for supplier ?
Business Seeks Concessional Tax on Plastic Bins for Storage Under Form C, Citing Section 8(3) of CST Act. A business inquired about purchasing plastic bins for storage and transport of finished goods using Form C, which allows for concessional tax rates. An expert advised that the bins play a crucial role in the business, suggesting that the CST Certificate should be amended to include these items to apply for Form C. Despite not selling the bins, the expert referenced Section 8(3) of the CST Act, which allows for purchasing packing materials at a concessional rate, indicating that Form C could be applicable in this case. (AI Summary)