what do you mean by C form , meaning and example
Answers were Sorted based on User's Feedback
Answer / guest
"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.
Is This Answer Correct ? | 906 Yes | 69 No |
Answer / govinda rao
'C' form is issued by the buyer when the purchse is outside
the state. and the form is used to reduce the tax burden of
VAT i.e local sales tax . 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 ? | 430 Yes | 50 No |
Answer / rathna
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 ? | 271 Yes | 72 No |
Answer / a.v.k.s. chandramouli
'C' FORM IS ISSUED BY THE PURCHASER TI THE SELLER. WHENEVER THE PURCHASER BUYS THE GOODS FROM OUTSIDE THE STATE THAN HE (PURCHASER)IS CHARGED WITH 2% CST IN ORDER TO AVOID ANY LOCAL TAX IN HIS INVOICE.
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 ? | 213 Yes | 30 No |
Answer / david
c form issued by the buyer to the supplier.when the purchase from out of state.
Is This Answer Correct ? | 95 Yes | 16 No |
Answer / sumansharma
'C' form issued by the buyer to the suppliers. when the purchase
transaction is an a 'CST' basis. (purchase from out of state).than buyers
given "c" form to suppliers.
Is This Answer Correct ? | 88 Yes | 20 No |
C form is issued by buyer for reduced the tax burden of VAT
.if buyer not issue C form then he will paid double rate of
tax.
Is This Answer Correct ? | 101 Yes | 44 No |
Answer / pawan pratap praveen
"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 ? | 54 Yes | 6 No |
Answer / srinivas
C Form is a Form which issued by buyer to supplier when the
purchase is in interstate. if there is a purchase
transaction made without c form, then the local vat will be
charged in that invoice, to reduce the vat and to collect
the interstate cst value form c will be issued by buyer.
after a year submission of c form from apr - march in cto
then the cst value will be refund
Is This Answer Correct ? | 55 Yes | 19 No |
Answer / geetanjali sahoo
"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 ? | 45 Yes | 15 No |
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