Regarding c form issue
SAYALI NANDKHILE
(Querist) 18 November 2014
This query is : Resolved
DEAR SIR,
There is a lot of confusion regarding the issue of Form "C" whether on Invoice date of material receipt date especially from Issuing Companies.
The Seller often asks for C form based on the Invoice date and many customers are debating that since the material is received by them in next quarter or especially in case of year end transactions wherein the material is received by the Customer in different financial year say in April end etc. In such case they are not ready to issue form c in previous financial year. Despite of insisting that the Invoice date is the criteria for issue of form "c" .they say that it will be issued only in next financial year. i.e.material receipt month.
Kindly advise especially year end transaction issue.
If Seller cannot insist to issue on the date of invoice. Then can get any notification towards customer end on issuance of c form ??
Anirudh
(Expert) 18 November 2014
It is the invoice date that will be taken into account.
If the buyers are not giving C form, it is for you to stop supplying. They will come in line. It is only because you are anxious in making sales, that they are taking advantage of your anxiety.
