Interested to Buy Any Domain ? << Click Here >> for more details...
If seller sale exempted goods outside the state then "c form" is necessary or not?
- 1 Answers
- 3230 Views
- Infosys, I also Faced
- E-Mail Answers
Answer / abhivirthi tax and industrial
Inter-State sales covered by valid C Forms were liable for taxation at the rate of 3 per cent with effect from 1.1.2007 to 31.5.2008 and at the rate of 2 per cent with effect from 1.6.2008. Inter-State sales not covered by C Forms were liable for taxation at the local Value Added Tax rates of the appropriate States i.e. local VAT Rates.
Thus the C Forms were used only to avail concessional rate of tax.
If the goods sold were exempted there is no provision to levy tax and availing of concession rate of 2% does not arise and hence if the seller sells exempted goods outside the state, C Form is not necessary.
In simple C form not necessary for exempted sale.
Reply From:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, Palaami Enclave, New Natham Road,
Madurai-625014.
Website: www.abhivirthi.blogspot.com
Cell: 9994990599
| Is This Answer Correct ? | 1 Yes | 0 No |
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
our customers deduct TDS under sec.194-J and make the payment. we deduct TDS under sec.194-J to clients and pay them professional fees. can we get credit of TDS which we made to our customers and claim for what we have to pay
As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?
WHAT IS THE RAE OF TDS ON PAYMENT TO CONTRACTOR INA CASE OF COMPANY & IN CASE OF INDIVIDUAL?
What is different in balance sheet & trial Balance sheet ? Provisions entry in ending year ?
Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?
12 Answers ABC, PPS, SGI,
What is the new tax slab for the assessmnet year 2010-11?????
Is VAT & CST should be charged at a time on one purchased item? please give more clearity on this issue?
what is thr diff between commercial invoice and ecise invoice
I'm a Taiwaness, and my boss have investment in india. I have a question about TDS. If I rent a one day car that doesn't sign any contract or agreement, should I pay the TDS or should I dedcut TDS from payment of this expenditure.
when i worked finalisation of a firm during 2006-07under kerala vat act in 23-9-06 there is a advancesales tax RS 2170 paid by firm and inthe same month vatpayable is rS.5201 the advance tax is deducted from vatpayable that is 5201-2170=3031 is the vat payable during the month. what are the entries passed in computerised accounting during finalisation in this case please explain
Audit 
