what do you mean by C form , meaning and example
Answers were Sorted based on User's Feedback
Answer / varalaxmi.bujji
"C"form issued by the buyer to the suppliers.supplier when the purchase transaction is on 'CST' basis. To reduce the vat and to collect the interstate CST value form c will be issued by buyer.The form issued by commercial tax office.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / praful charde
C form is the term used for the exemption in the sales taxe when the procurement is done between two different states. In a simple way,it acts like a concession form to reduce the state sales tax.e.g. If buyer "A" is from Maharashtra procuring from seller "B" from any other state , then he will issue a C form to the seller in three copies as original, duplicate & counter foil ( receipt copy), with this buyer bears only 2% tax for this procurement. Seller will submit this C form to the tax assessing authority and avail the exemption benefit.
If C form is not being issued then buyer has to bear full tax for the procurement i.e 14.50%
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / shreeshaila p h
c form issued by the buyer to the supplier.when the purchase from out of state.
EX: WHEN 'A' WHO IS IN BANGALORE BUYS GOODS FORM 'B' WHO IS IN CHENNAI THEN IT IS CALLED AN INTERSTATE PURCHASE. IN THIS PROCESS 'A' IS CONSIDERED AS CST CUSTOMER TO 'B'. DURING WHICH 'A' HAS TO ISSUE THE 'C' FORM TO 'B' FROM THE COMMERCIAL TAX DEPARTMENT IN ORDER TO CLAIM THE BENEFIT OF CST PURCHASE AND 'B' TO SHOW CST SALES IN HIS BOOKS. HE WILL BE LEVIED TAX @ 2% BY 'B'. INFAILURE OF NOT SUBMITTING THE 'C' FORM BY 'A' HE WILL BE CHARGED LOCAL VAT DURING HIS SALES AND BUYING TRANSACTION.
| Is This Answer Correct ? | 9 Yes | 6 No |
Answer / muthukumar
C form is issued by buyer to the supplier because of buyer
purchase the goods from outside the state so,buyer given c
form to supplier. c form is given only inter state purchase..
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / bhavyesh shah
'C' form is issued from buyer to seller when the sales are made as Inter state sale. If the buyer provide Form C then charg CST @ 2% otherwise tax will be @4%
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / himanshu mehta
C Form is the concessional form .Which issued by the buyer to the supplier when purchasing cost behalf on cst"(central sale tax)and they can pay only 2%tax ,
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / irfan
"c" form is the form issued by buyer to the supplier when
the purchase transaction is on 'cst' basis. purchased from
out of state. The form is issued by commertial tax office
on providing the 'cst' purchase details by the buyer.if 'C'
form is issued by the buyer then buyer can only bear CST of
2% and VAT of local tax excluded
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / chetan kokare
C form issued by buyer to the seller when the purchase made from outside the state. This form is issued under the CST rules and the buyer has to pay tax at the reduced rate of 2%.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dinesh
C form is a form issued by the Sales Tax department to the registered sales tax payer. If he buys any good from another registered sales tax payer & issue a C Form to him.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bhavyesh shah
http://www.vatconcept.com/docsvat/ChoiceArticle/Article7.aspx
Please go through the above link & know about all form
| Is This Answer Correct ? | 1 Yes | 1 No |
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