TaxTMI 
TaxTMI 
Forklift purchase against C Form and tax credit validity of entry tax
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....orklift purchase against C Form and tax credit validity of entry tax<br> Query (Issue) Started By: - Parth Bhatt Dated:- 2-10-2016 Last Reply Date:- 30-10-2016 VAT + CST<br>Got 9 Replies<br>VAT / Sales Tax<br>Dear Sir 1)Can we purchse Forklift ( two scenario i) for general use ii) for specific use in manufacturing process ) against C Form with 2% cst ? 2)can we take credit of entry tax paid on ....
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....purchase of it ? I knw we cant for VAT ITC as it was answerd for VAT credit but want to confirm as its entry tax now in scenario. 3)what to do in case where dealer has not provided Form 403 road permit ? can it be considered local purchase in absense of availability of form 403 ? wt r consequnces/remedies for ds 403 issue Reply By Ganeshan Kalyani: The Reply: For query number 2, Pls refer Secti....
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....on 4 (2) of The Gujarat Tax on Entry of Specified Goods into Local Areas Rules, 2001. Reply By Ganeshan Kalyani: The Reply: For query number 1, pls refer below para Form C: A registered dealer effecting an inter-State-purchase of good, either for resale, use in manufacture or processing of goods, for mining, for use in generation and distribution of power or use in packing for sale/resale can....
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.... issue form C for availing of the benefit of purchasing at a concession rate of tax. This form will have to be obtained by the purchasing registered dealer from the Sales Tax Officer concerned. Reply By Ganeshan Kalyani: The Reply: For query number 3, pls refer circular No.Gujka/VAT/Check post/form-402-403-405/2014-15/B.160/138 Reply By Parth Bhatt: The Reply: dear sir but does forklift fall u....
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....nder the category of material referred/mentioned in rule 13 of CST Turnover Rules? my understanding is dtentity can issue c form only for those category of item cateogry referred in 1) in their registration certificate and 2) in rule 13 of cst turnover rules Reply By Parth Bhatt: The Reply: Am I correct there ? kindly clarify.Btw thank you so much for ur time and insightful response to both quer....
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....ries I asked. Reply By Ganeshan Kalyani: The Reply: The items to be purchased interstate should be incorporated in the CST registration. Further the said item should be used in manufacture or processing of goods. So Now you have decided whether forklift is included in the certificate and whether it is used in manudacturing or processing of goods. The answer you will get . Reply By YAGAY AND SUN....
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....: The Reply: Please also check our earlier discussion on this subject matter. Reply By Ganeshan Kalyani: The Reply: Also refer #1 Issue Id: - 110908 Dated: 14-9-2016 Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Dear expert, As per the c form is concern, if the vehicle is purchased for the purpose of mining is allowed. My question is that, one of my client is providing services as manp....
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....ower, digging work and transportation to mining owners. And they are purchasing tipper vehicle against form c from outside tamilnadu. whether as per the cst act is correct or they have to pay full tax and purchase the vehicle. Whereas they have registered under tnvat and cst act and they sells some of the machinery parts to the mining owners whose engaging their own machines in the mining activi....
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....ties. Further, they have registered under service tax and paying the service tax promptly. And availing the cenvat credit on the capital goods as tipper vehicles. If anything wrong kindly clarify.<br> Discussion Forum - Knowledge Sharing ....