Interested to Buy Any Domain ? << Click Here >> for more details...
when we reqiure C form from Party?
- 3 Answers
- 7347 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manish.panchal
We need at the End of F.Y or at the time of sales tax
assessment to prove to STO that you have done interstate
Transaction. And Hence You have charge less Sales Tax.
| Is This Answer Correct ? | 11 Yes | 2 No |
What is C form: As per section 8(1) (b) of CST Act 1956
sales tax on interstate sales is 2% or state rate whichever
is lower, if the sale is to a registered dealer and goods
are covered in the registration certificate of the
purchasing dealer. Otherwise the tax applicable is the state
rate applicable on the goods sold.
If the selling dealer pays CST @ 2% i.e @ concessional rate
then he has to produce proof to his sales tax assessing
authorities that the purchasing dealer is eligible to get
these goods at concessional rate. Otherwise the selling
dealer will be asked to pay balance tax payable plus penalty
as applicable. Therefore section 8(4)(a) provides that
concessional rate is applicable only if purchasing dealer
submits a declaration in prescribed form C.
Number of Transactions per C forms: One declaration in C
form can cover all transactions in one quarter, irrespective
of total amount/value of transactions during the quarter.
(Quarter means period of three months). If a transaction
covers more than one quarter, separate C form is required to
be issued for each quarter.
Although there is specific time frame in which the C form
has to be by the party, However since it is issued to cover
the transaction of one quarter hence the practice of
collecting C form every is considered as good practice and
it is being followed at prensent in most of the industries.
| Is This Answer Correct ? | 8 Yes | 1 No |
What is the service tax rate for individual contractors and firm contractors.
i want current year tax deduction source please let me know?
What is the procedure for Sales Tax Filing? which can come under this head. whn we file it? wat r all the materials to be submitted? For eg: i hav a company named 'A'in chennai. my branch 'b' is in Bangalore. the sales made in bangalore can be (come for sales Tax Filing)filed in chennai? and also the purchase from bangalore can be(Sales tax filing) filied in chennai?
4 Answers ABC, Agon, Marketing Sales, Mindlogicx,
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds
what is the process of paid unpaid in service tax
is there easy guide for the latest India tax & accounting information for 2010?
what is E1 FORM
2 Answers GMC, UAS Pharmaceuticals,
Hello all , I have a doubt regarding TDS.My salary ranges between 22k to 26 k per month and i have a TDS component cut every month.My doubt is that what is the % of tax ? what are the ways i can get back my TDS and what are the methods that can help reducing tax .And my another doubt is that whether the tax is calculated only on the basic pay or on the whole salary I get ? because my salary has HRA in its component ,will that also be counted in tax calculation or excluded ?
Can a Company can issue C Forms in Advance to the seller (Other than govt.dept.)
What is the meaning of Excise duty?Wat are the rules?
Hello Sir, If A is purchased Excise Duty paid goods i.e. H.R.Sheet. He want to sell the same as vat bill without excise. It can be possible.
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
Audit 
