TaxTMI 
TaxTMI 
TaxTMI 
C Form for material is supplied excess
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.... Form for material is supplied excess<br> Query (Issue) Started By: - saket s Dated:- 1-2-2017 Last Reply Date:- 1-2-2017 VAT + CST<br>Got 5 Replies<br>VAT / Sales Tax<br>Whether C Form can be issued even material is supplied excess than PO/ Contract? We had sold excess material to customer / client to complete order. Supplied quantity was more than PO quantity. Now the customer is refusing to i....
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....ssue Form C arguing that we had supplied excess material. Pls let me know if there any case law on this issue. Thanks Saket Reply By MUKUND THAKKAR: The Reply: please clear the following point. 1. your customer will pay you excess amount against supply of excess material ? Reply By saket s: The Reply: No, the client is not paying anything extra. The excess materials were supplied to compl....
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....ete the desired work. Reply By MUKUND THAKKAR: The Reply: At the end of year non receipt of payment against this supply will be write off.. As per my view convert this supply as free supply.. and collect c form of balance amount. Generally, VAT is to be collected on sale of goods to a person in a consideration.. If goods are given at free of cost, does not attract VAT. But if It is dutiabl....
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....e product, then it has excise duty liability. which you had paid.. Reply By YAGAY AND SUN: The Reply: If you treat this material as FOC supply, then Input Tax Credit needs to be reversed proportionately in addition to reversal of CENVAT credit. Reply By Ganeshan Kalyani: The Reply: In my view Form C is not required for free of cost material. This is because you will not be charging anything f....
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....or the excess material supplied. As such the sales register will not show the amount of excess material supplied. Hence no need to collect form c. Thanks.<br> Discussion Forum - Knowledge Sharing ....