Issue of c forms, VAT + CST

[Sameena Kohli]

My query is in the execution of works contract ,in the movement of goods from one state to another whether c form can be issued by customer

Posts / Replies

[Naveed S]

Goods involved in works contract’ have been included in definition of ‘sale’ w.e.f. 11-5-2002.

[Pradeep Khatri]

Dear Sameena,

Yes, works contract is deemed as sales, therefore, if goods are used by a registered dealer in execution of works, then, concessional rate of tax can be allowed. C form can be issued provided such goods are duly incorporated in the RC of the contractree.

Regards

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)