Can we cancelled C-Form & issue new?

[RAJENDRA KHOMNE]

Dear Sir,

We have issued C-Form to our vendor against material purchase for the period from 01.04.2015 to 30.06.2015. But party invoice date is 30.03.2015 in financial year 2014-2015 we have received material in financial 2015-2016 hence we accounted this transaction in financial 2015-16 & issued C-Form but party not accept it they required C-Form for financial 2014-2015. So we hereby request pl guide us. Can we issue new C-Form? If Yes, What is the producer?

Thanks,

Khomne R. M.

[YAGAY andSUN]

A separate C form can be issued for the material received in F.Y. 2015-2016 which was sent by supplier in the F.Y. 2014-2015. There is a proviso in Rule 12(1)CST (Registration and Turnover) Rules

³[Providedfurther that a single declaration may cover all transactions of sale, which take place in a quarter of a financial year between the same two dealers.

 

[YAGAY andSUN]

For cancellation of C form you may meet with your VATO/Commissioner of MVAT Department.

[Ganeshan Kalyani]

A separate form c for the transactions recorded in the month of April by the purchaser for the supplies made by the supplier in the month of March is allowed. The department accepts such declarations. It is as per provision in the act.

[Ganeshan Kalyani]

The procedure for cancellation of the form and applying for new form is very lengthy. It takes long time. Sometime it takes 5 to 6 months also.

[YAGAY andSUN]

Some States have issued Notifications/Circular in this regard and hardly take one week to cancel and re issue the C Form. Example is Rajasthan VAT Department.

AI Summary

C Form cancellation and reissuance: administrative approval required and processing times vary by state. A purchaser may obtain a separate C Form for materials recorded in a later financial year although the supplier invoiced earlier, and a single declaration may cover all transactions between the same dealers in a quarter; cancellation and reissuance require VAT administrative approval and processing times vary by State, with some jurisdictions providing expedited procedures.