CST
Querist :
Anonymous
(Querist) 26 December 2010
This query is : Resolved
As AMIT BAJAJ ADVOCATE on 25/12/2010 15:40:20 has given answer to question but i want to know more about date of purchase by putting below suitable example with reference to punjab vat act-2005.
Eg. as when seller send the goods during interstate sale on 30.06.2010, he book the sale on same date when bill is given to transporter by him. now when purchaser receive it say by 20 days later ie 20.07.2010 then he enters it when he receive it.
Now Question is :
1. if the transaction fall in two quarter then the problem arises as to issue of Declaration Form C. seller says i have to receive the form for Quarter 1 as purchaser says it relate to Q2. due to this a lot of problem occurs while taking declaration forms from local sales tax authorities.
2. if difference relate to two financial years a bigger problem arises? somes states are giving form by printing on it valid for particular year.
how to resolve.
AMIT BAJAJ ADVOCATE
(Expert) 05 January 2011
issue the C form according to the invoice date for the sake of assessment of the seller, purchaser would not be questioned by the department in his state about it. Can also mention the date of receiving the goods by the buyer on the C form.
