CAN WE ISSUE 'C' FORM MONTHLY.....

[Guest]

Dear Sir,

My question :- Can we issue the 'c' form monthly basis or not......

Kindly advise me as per law.

Regards

AMIT GUPTA

[YAGAY andSUN]

No way.

Please check following:-

Statutory Provisions

The Central Sales Tax (Registration And Turnover) Rules, 1957

12. (1) The declaration and the certificate referred to in subsection (4) of Section 8 shall be in form 'C' and 'D' respectively:

[DR.MARIAPPAN GOVINDARAJAN]

Brief answer and enlarged support. Thank you

[Guest]

Dear Sir,

Thank you for brief answer with as per rule...!!!!!

Regards

AMIT GUPTA

[Ganeshan Kalyani]

The provision states that form c shall be issued/ received quarterly. Hence it cannot be applied for on monthly basis.

[YAGAY andSUN]

Dear Amit,

The only reason for providing this Section 12 in detail was just to encourage you to read it thoroughly for enriching your knowledge for better compliance.

Regards,

YAGAY and SUN

[Ganeshan Kalyani]

My additional views are:

The three months time period for issuing form c should be adhered to. The law states that the form should be submitted to the assessing authority before or at the time of assessment.

[YAGAY andSUN]

And also check the goods which is being procured by you must be incorporated well before in your CST Registration Certificate and filing of statutory returns according in prescribed time limit, otherwise, No C form can be received manually or generated online. Hefty penalty can also be imposed. So take care and do the due diligence in this matter to protect your company from any unwarranted situations.

[Ganeshan Kalyani]

The officer in the sales tax department cross checks the form c application filed by you with the return submitted by you. There should be interstate purchase appearing in the return and the amount in the return should be more than the amount in form c application.

Yes the type of item procured interstate need to be incorporated in the CST registration copy.

[YAGAY andSUN]

Dear Amit,

Query was short, reply was also short but the discussion on your query just got longer and it was just for your betterment we expert consumed pretty good time in such discussion.

Regards,

YAGAY and SUN

[Ganeshan Kalyani]

Enriching discussion.

AI Summary

Clarification: 'C' forms for sales tax must be issued quarterly under CST Rules 1957, not monthly. Ensure compliance to avoid penalties. A participant inquired whether a 'C' form for sales tax purposes could be issued monthly. Responses clarified that under the Central Sales Tax (Registration and Turnover) Rules, 1957, the 'C' form should be issued quarterly, not monthly. Detailed explanations emphasized compliance with statutory provisions and the importance of aligning the CST registration certificate with interstate purchases. It was advised that forms must be submitted before or during assessment, and discrepancies could lead to penalties. The discussion aimed to enhance understanding and ensure proper adherence to tax regulations.