Hi All,
I have a query with respect to issue of C Form.
We are a Company registered for VAT / CST in Rajasthan. We are taking certain Bio mass machineries on lease from a leasing company located at Mumbai. Leasing company ordered for the machineries from vendors in Haryana and UP and the vendors delivered the machineries directly to us at Rajasthan (invoice was billed on leasing company at Mumbai address and ship to Rajasthan in our company name).
This transaction was against C Form. Now the question is, who shall issue C Form. Whether the leasing company or we?
Thanks in advance for all your help.
Regards,
Krishna Kumar
Who should issue the C Form for leased machinery delivered to Rajasthan? Guidance says the purchasing company in Rajasthan should. A company registered for VAT/CST in Rajasthan queries about the issuance of C Form for a transaction involving leased biomass machinery. The machinery was ordered by a leasing company in Mumbai from vendors in Haryana and UP and delivered directly to Rajasthan. The question is whether the leasing company or the company in Rajasthan should issue the C Form. A respondent suggests it may be an in-transit sale, but the original poster clarifies it as a direct sale. Ultimately, it is advised that the purchasing party, the company in Rajasthan, should issue the C Form. (AI Summary)