Form 'C' Procedure

[Srivatsan Krishnamachari]

Dear Friends,

The CST Act clearly states that the Declaration (Form C) shall cover all transactions pertaining to one Quarter in a single form and seperate Form' C' has to be for transactions in different quarters unless a transaction spreads to more than one quarter. Hence if a buyer by mistsake club transactions pertaining to two quarters in one Single Form, can the Assessing Officer of the Seller be requested to accept the Form 'C' submitted in theabove said manner when other things are in the prescribed manner. Does the Assessing Officer has discretional power to accept such Form 'C' or Fresh Forms 'C' covering transactions on quarterly basis  have to be obtained from the buyer concerned and submitted by the Seller.

I assume the Onus is on the buyer who avail the concessional tax to provide the Seller with Proper Form 'C' in the prescribed manner obtained from the Prescribed Authority. Am I right.

Kindly clarify.

Thanks & With Regards,

K.Srivatsan

AI Summary

Clarification on Form C Submission: Separate Declarations Required for Each Quarter Under CST Act, Except for Multi-Quarter Deliveries. A discussion was initiated regarding the correct procedure for submitting Form C under the CST Act, which requires separate forms for transactions in different quarters unless a transaction extends across quarters. A query was raised about whether an Assessing Officer (AO) can accept a Form C that mistakenly combines transactions from two quarters. Responses clarified that the onus is on the buyer to provide properly completed forms, and it is unlikely the AO will accept such forms without rectification. The rules mandate separate declarations for each quarter unless delivery spans multiple quarters.