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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