TaxTMI 
TaxTMI 
Dispute in responsibility of issuing C Forms
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....ispute in responsibility of issuing C Forms<br> Query (Issue) Started By: - Dipu Joy Dated:- 4-2-2011 Last Reply Date:- 15-9-2011 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Sir Fact of the case: I work for a SPV (Special Purpose Vehicle) registered at Mumbai which is carrying out certain modifiaiton works in a Sugar Factory at Kolhapur, Maharashtra. We have an Agreement with Sugar Fac....
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....tory for the Ownership of the Equipment till the completion of BOOT period and transfer of ownership of the equipments to the Sugar Factory We have placed purchase order on a company in Bengaluru for the procurement and supply of equipments & materials required for the Modification in the Sugar Factory. Equipment supplier has raised invoices on us as an Owner and indicated Sugar Factory as the Co....
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....nsignee of goods Query: Who can issue the C forms to the Supplier: SPV as an Owner OR Sugar Factory as a user of the goods to which is inturn producing sugar. As per CST Act, both parties, SPV and Sugar Factory is not fully qualifying to issue C forms to the Supplier Kinldy advice Regards Dipu Joy Reply By Rama Krishana: The Reply: In simple terms where more than two steps are involved in mo....
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....vement of goods leading to issuance of C form, the parties who are immediate in contact which other in terms of supply of goods would be the issuing and receiving C forms. Therefore, as I understood the issue, SPV is buyer of goods from the supplier and therefore SPV should issue Form C to the supplier. An arrangement between SPV and Sugar Factory may be seen as separate transaction or E1 / E2 tra....
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