Can we cancelled C-Form & issue new?
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....an we cancelled C-Form & issue new?<br> Query (Issue) Started By: - RAJENDRA KHOMNE Dated:- 13-2-2017 Last Reply Date:- 16-2-2017 VAT + CST<br>Got 5 Replies<br>VAT / Sales Tax<br>Dear Sir, We have issued C-Form to our vendor against material purchase for the period from 01.04.2015 to 30.06.2015. But party invoice date is 30.03.2015 in financial year 2014-2015 we have received material in financ....
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....ial 2015-2016 hence we accounted this transaction in financial 2015-16 & issued C-Form but party not accept it they required C-Form for financial 2014-2015. So we hereby request pl guide us. Can we issue new C-Form? If Yes, What is the producer? Thanks, Khomne R. M. Reply By YAGAY AND SUN: The Reply: A separate C form can be issued for the material received in F.Y. 2015-2016 which was sent by ....
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....supplier in the F.Y. 2014-2015. There is a proviso in Rule 12(1) CST (Registration and Turnover) Rules 3[Provided further that a single declaration may cover all transactions of sale, which take place in a quarter of a financial year between the same two dealers. Reply By YAGAY AND SUN: The Reply: For cancellation of C form you may meet with your VATO/Commissioner of MVAT Department. Reply By....
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.... Ganeshan Kalyani: The Reply: A separate form c for the transactions recorded in the month of April by the purchaser for the supplies made by the supplier in the month of March is allowed. The department accepts such declarations. It is as per provision in the act. Reply By Ganeshan Kalyani: The Reply: The procedure for cancellation of the form and applying for new form is very lengthy. It take....
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....s long time. Sometime it takes 5 to 6 months also. Reply By YAGAY AND SUN: The Reply: Some States have issued Notifications/Circular in this regard and hardly take one week to cancel and re issue the C Form. Example is Rajasthan VAT Department.<br> Discussion Forum - Knowledge Sharing ....