C form against purchase returns
ulhas mulik
Hi, My query is with regarding the C form to be collected in case of purchase return to OMS suppliers. Our sales tax assessement is going on. DCST has raised query that, C form is required in case of purchase returns to OMS Parties. Can anyone help me on this query ? Thanks in adavance.
No 'C' Form Needed for Purchase Returns to Out-of-State Suppliers Under Section 8 of CST Act, 1956. A participant in a discussion forum raised a query about the necessity of issuing 'C' forms for purchase returns to out-of-state suppliers during a sales tax assessment. The tax authority questioned the requirement for a 'C' form in this context. A respondent clarified that if all conditions are met, including issuing a rejection memo and recording the return, there is no specific requirement for a 'C' form under Section 8 of the CST Act, 1956. The respondent noted that 'F' forms are only needed for stock transfers between a principal and an agent. (AI Summary)