Issue of C Form

[Mohit Jain]

Our Co. is into transmission of electricity business. Our Co. has given a Contract to another Co. to Construct an asset for us. The awarded contarct was on Cost plus consultancy basis. This Company has purchased all the materials in its name instead of buying the material in our name. Now, the issue involved is that we have to issue C Forms. But, we cannot do the same, as all the documents/purchases are in the name of the company which was doing the project on consultancy basis. Please suggest any method of rectifying the mistake.

AI Summary

Clarification Sought on C Form Issuance and Concessional Purchases Under CST Act in Cost-Plus Consultancy Contract A company involved in electricity transmission contracted another company to construct an asset on a cost-plus consultancy basis. The contractor purchased materials in its own name instead of the hiring company's name, creating an issue with issuing C Forms, which are required for tax purposes. The reply questions how the contractor, not registered under the CST Act, could purchase goods under a concessional rate and seeks clarification on whether the contract allowed such transactions and to whom the C Form should be issued, whether to the suppliers or the consultant.