If seller sale exempted goods outside the state then "c form" is necessary or not?
- 1 Answers
- 2530 Views
- Infosys, I also Faced
- E-Mail Answers
Answer / abhivirthi tax and industrial
Inter-State sales covered by valid C Forms were liable for taxation at the rate of 3 per cent with effect from 1.1.2007 to 31.5.2008 and at the rate of 2 per cent with effect from 1.6.2008. Inter-State sales not covered by C Forms were liable for taxation at the local Value Added Tax rates of the appropriate States i.e. local VAT Rates.
Thus the C Forms were used only to avail concessional rate of tax.
If the goods sold were exempted there is no provision to levy tax and availing of concession rate of 2% does not arise and hence if the seller sells exempted goods outside the state, C Form is not necessary.
In simple C form not necessary for exempted sale.
Reply From:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, Palaami Enclave, New Natham Road,
Madurai-625014.
Website: www.abhivirthi.blogspot.com
Cell: 9994990599
| Is This Answer Correct ? | 1 Yes | 0 No |
A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds @10% what enters be made in the books of CA and party.
Which permit form(way bill ) will be used for CST billing from Haryana
if I Purchase goods within state But sale goods in other state (interstate sale), Which tax to be deposit either CST tax or other ? or what is Procedure of tax computation in this type of sale?
WHERE I NEED TO FILE CST PAYMENT? Can i file along with vat returns? what is the due date for every month?
Can we bill to party at Delhi and ship material to Hyderabad.My company is in gujarat.If Yes.Road permit issued by Hyderabad party on who's name and who will give C form.etc.
How does submission of C form affect VAT ?? please give detailed example with explanation
I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.
WCT Exemption limit ?? Pl explain on which items WCT is applicable.
What are TDS rates for the year 2007-08
How to calculate TDS on advertisement?Any one show me one example?.
What is the rate of TDS applicable for Advertisement in FY 2008-09 (Individual+Company)?
What is meant by asset clearance . how should i make my entries in tally
Audit 
