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At present the second proviso to Rule 12(1) provides for furnishing of Form ‘C’ in respect of inter-state transactions made in a financial year. It is proposed to amend the above rule so as to provide that one Form ‘C’ shall contain details of inter-state sales between the same dealers made in a quarter. Thus, Form ‘C’ would be required for each quarter. The draft amendment is available at www.finmin.nic.in.
It is also proposed to amend Rule 12(11) of the Central Sales Tax (Registration & Turnover) Rules, 1957, consequent to amendment to sub-sections (6) and (8) of section 8 of the Central Sales Tax Act, 1956 providing for non-liability to CST in respect of purchases made by units in a Special Economic Zone (SEZ) for the purpose of setting up, operations and maintenance of a unit or by a developer for the purpose of development, operations and maintenance of such zones. In order to operationalise the above-mentioned exemptions, it is proposed to amend the existing Form I also. Draft amendment of Rule 12(11) and Form I is available at www.finmin.nic.in.
Comments/views on the draft amendment to Rule 12(1), and Rule 12 (11) and Form I, if any, may be sent not later than 24th March 2005 to Shri L.K.Gupta, director (Sales Tax), Room No.225-C, Ministry of Finance, Department of Revenue, North Block, New Delhi-110001. (Telephone No.23092878, Fax:23092741, E-mail : lkg_2020@yahoo.com.)
BSC/BY/DT/CS-156/05
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