what is the diffrent between form-c and form 16
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Answer / c. nagaraju
When you get goods from other state on c-form basis, ie.,
the tax rate wil b low. without paying any tax to seller
you can get & then issue a c-form whihc is given by
salestax office and their you have to pay entry tax, then
they will give c-form.
Form 16 is the TDS deducted certificate. which is useful
for Income Tax benefit. From the actual tax you need to
pay, from that this Form 16 TDS certificate amount will be
deducted and then remaining has to paid r will reimbursed
in certain cases.
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Answer / sanjeev kumar mahajan
Form C:When a regd dealer of one state eg Punjab purchases
the goods(raw material or an asset) from other state(s) eg.
Haryana, Then Regd dealer of Pb would have to issue a
certificate to the seller regd dealer in Hyn in order to
get the tax benefit under CST ie Regd Dealer in Pb have to
pay only 2% concessional rate of tax instead of 4 % or if
he is purchasing from mumbai then again he is to pay 2%
instead of 5% for some specific goods from Mumbai. This has
to be taken from the Jurisdictional Sale tax officer and
has to be issued to regd dealer of the other state.
Form 16. this is issued in respect of the TDS on Salary and
is issued by the person responsible ie deductor to the
deductee or payee. For Ay 2011-2012 it will be issued
uptill 31 May 2011.
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Answer / sheetal kumar garg
FORM C IS IMPORTTANT FOR BETWEEN TWO STATE PERSONS WHICH DO
TRADE IN EACH OTHER ONE STATE TO OTHER STATE.
while form 16 is used for employee which is tds certificate
who issued by employer to employee which shown tds
deduction detail of employee.
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From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
Explain . 1. Retail Invoice. 2. Tax Invoice. 3. Commercial Invoice. 4. E1 Invoice.
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