TaxTMI 
TaxTMI 
TaxTMI 
Amount for C form
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....mount for C form<br> Query (Issue) Started By: - Kuldeep Nain Dated:- 23-2-2017 Last Reply Date:- 25-2-2017 VAT + CST<br>Got 7 Replies<br>VAT / Sales Tax<br>Dear sir/madam I want to know the amount taken for issuing C Form in case of E-1 Purchase. 1. The amount mentioned on invoice issued by Manufacturer including Excise and CST. 2. Amount mentioned on invoice issued by Dealer Including his pr....
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....ofit. Reply By YAGAY AND SUN: The Reply: C form shall be issued against the point no.1 only. Reply By Ganeshan Kalyani: The Reply: Sir, this is called 'sale in transit' transaction where the buyer of goods before taking delivery of the goods endorses the LR document to the ultimate buyer. The fisrt buyer has to issue Form C to the seller and the seller will have to issue Form EI to the....
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.... first buyer for the amount of which the invoice is raised by the seller. Further the ultimate buyer will issue Form C to the fist buyer for the value of which invoice is raised by the first buyer which may include his profit/margin as well. The invoice amount on the invoice raised by seller may differ with the invoice amount raised by the first buyer on the ultimate buyer. The ultimate buyer will....
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.... have to receive EII from the first buyer. Thanks. Reply By MUKUND THAKKAR: The Reply: perfectly explain by Sh. Ganeshan kalyaniji... Reply By Ganeshan Kalyani: The Reply: Thanks Sri Mukund Ji for your appreciation. Thanks. Reply By Kuldeep Nain: The Reply: Thank you Sir for your brilliant support Reply By Sarveshwar Mundra: The Reply: Shri Kalyaniji, your explanations are so elaborate a....
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....nd clear that my long term confusions in this type of particular transactions are now very much cleared. Thanks. Reply By Kuldeep Nain: The Reply: Respected Sir But department is not accepting the value as per your view. As per Deptt. Seller Invoice value (Sale Price + Excise Duty +CST) will be the value which will be accepted to issue C form by US to First Buyer. Please Guide...................
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