Answer / surbhi bhandari

No; "C" form is not affected to VAT. though "C" form is affected to CST.i.e inter state sale or purchase.

Answer / abhivirthi tax and industrial

There are various Value Added Tax Rates i.e. VAT rates in various States. For example there are VAT rates at 5%, 10%, 12.5%, 14.5%, 15% and 20% and so on. If the commodities were sold locally or to other States without C Forms the VAT will be collected at the local VAT rates noted in the Schedules i.e. 5%, 10%, 12.5%, 14.5%, 15% and 20% etc.

But inter-state sales covered by C Forms were eligible for concessional rate of 2% in many States and lower in few States.

Inter-State sales made against C Forms will be eligible for taxation at the concessional rate of 2% and in such cases local VAT rates will not be applicable as noted in the Schedules.

In other words inter-State sales made without C Form and local sales made will fetch more State Revenue whereas the CST sales with C Form will fetch revenue at 2% only under the Central Sales Tax Act, 1956 and not under the Local Value Added Tax Acts.

Reply From:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, Palaami Enclave
New Natham Road
Reserve Line,
Madurai – 625014
Cell: 9994990599.

we are registered dealer of VAT(sale tax) for different states regarding consutruction of chimney and roc, we also purchase material inter-state under cst . so, please someone help regarding VAT+VAT TDS+CST+WCT+Service tax both under composition scheme and non-composition and any related site or recommened books which one solve queies. Thank u

1 Answers  

---

What is excise & service tax?

0 Answers  

---

if "a" is a party from gurgaon purchase goods from "b" a party of bhiwadi. "a" purchase goods at cst @2% against "c" form of rs(taxable amt) 10000/- cst @2% rs 200/- then the total bill amount is 10200/-. what is the amount of "C" form made by "a"?

7 Answers   Matrix, Retail,

---

how to compute service tax?

2 Answers  

---

i am vasan , how to exampt tds .if am below 140000/-

1 Answers  

---

ONE EMPLOYEE TAX CALCULATION: GIVE INVESTMENT OF HOUSEING LOAN BUT HOUSEING LOAN TAKEN HIS BROTHER AND SECOND APPLICANT THIS EMPOYEE SO, QUE ARRISE IF INVESTMENT DOCUMENT OF LOAN TAKEN OR NOT....?

1 Answers   INDUS,

---

Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

0 Answers   NTPC, XYZ,

---

What is the full form of TDS & TCS

30 Answers   CMC, TCS, Vinraj Steels,

---

Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?

0 Answers   Unitech,

---

What are the Golden rules of accounts? with an example?

12 Answers   DC, OPI Global,

---

Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee

0 Answers  

---

calculation of Tds on subcontractor

0 Answers  

---