when company issue c form to the seller it has to issue
full amount of purchases or it has to deduct the 2% of cst
amt Ex; purchase for rs.10000/- which includes 40 cst we
have to issue c form for rs.9960 or we have to issue for
rs.10000/- which one is correct
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Answer / s.k.bhadury
Value in the C Form to be written Rs.10000.00(Ten thousand
Only)
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / anil kr bhowmik
Company is to issue 'C'Form only on Rs.10000/- i.e.,on the
GTO amount which includes 2% of CST. But if the company
somehow, by mistake, issues 'C' Form on GTO at 104% (i.e.,
after including 4% of CST) it will get no concession at
all,as we receive from many of our ignorant customers -
which may again attract even penalty u/s-10A of The CST
Act,1956 for misuse of 'C'Form .
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / manoj r
'C' forms will be issue in this formate that is Taxable + Tax values.
in such case Taxable includes product Value+Excises+other Value that case you said that taxable value is (Product Value+Excise+Other)= Taxable Value. so you have to issue form as per the below for example
product Value is Rs. 12000 and Excise Value is Rs. 1740 and Octroi is Rs. 1500 and CST under c form is Rs. 305 then you have to isse c form is Taxable amount 15240 + TAx 305 total amount is rs.15545.00
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sunil singh rawat
They all are wrong except only one person. C-form is always
issued on sales value not on including of
tax (cst).
Only Basic value 9960/-
| Is This Answer Correct ? | 4 Yes | 6 No |
Answer / arunesh kumar jha
C for will be issued on the full amount of purchases
| Is This Answer Correct ? | 1 Yes | 3 No |
Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.
IF WE PURCHASE MATERIAL FROM OUTSIDE STATE FOR RS 100000 (INCLUDING CST) AGAINST C FORM. AND AFTER ONE MONTH WE ISSUED DEBIT NOTE FOR RS. 30,000 /- TO A SELLER. NOW WHAT AMOUNT WE FILL IN THE C FORM AT THE TIME OF ISSUE, 1,00,000 /- OR 70,000 /-
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Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
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