TaxTMI 
TaxTMI 
Genuineness of C form
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....enuineness of C form<br> Query (Issue) Started By: - Binu Karuthedath Dated:- 26-5-2016 Last Reply Date:- 27-5-2016 VAT + CST<br>Got 4 Replies<br>VAT / Sales Tax<br>Dear Sir Recently of the Kerala VAT Assesse has been submitted C form regarding the interstate sale . But Assessing officer has sent notice to proof the genuine of the C Form .Is that procedure is valid?. The problem is on the purch....
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....aser is now not in active in business in their state .Kindly guide us Reply By Ganeshan Kalyani: The Reply: Sir, the statutory form favouring concessional rate of tax is required to be substantiated. In absence of supporting documents evidencing the nature of transaction differential tax may be demanded. This is because in past it was experienced misuse of such form . Hence the need arised. Tha....
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....nks. Reply By Ganeshan Kalyani: The Reply: Sir, the documents like purchase invoice, goods receipt note, LR copy which proves the movement of goods should be collated to prove the interstate transaction. The list of transaction covered in a single statutory form is annexed with the form. Thanks. Reply By MARIAPPAN GOVINDARAJAN: The Reply: You may contest if it is genuine one. Reply By Ganesh....
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....an Kalyani: The Reply: Sir, the department is becoming more concern in checking the concessional forms. I have seen a Circular issued in one State addressing to the Assessing Officers by the Department to ensure specifically about the forms. Also I have seen a Circular in another State where various checks available in the forms were elaborated. Similarly to that of the security feature a currenc....
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....y notes has. Thus in nutshell utmost care is required in respect of forms.<br> Discussion Forum - Knowledge Sharing ....