what is vat?
what is excise?
what is form c & d in sales tax?
- 43 Answers
- 197672 Views
- Aksh Optifibre Limited, CA, Cat Computer Services, DHL, Escorts, iFlex, Murjani, Precision Die Cutting, TCS, I also Faced
- E-Mail Answers
Answer Posted / ritesh
value added tax called vat,registered dealer charged tax to
purchaser and deposit the same in sales tax department,there
are so many rates are defined from sales tax department.when
sales within state, dealer charged vat tax and out of state
dealer charged cst @2% with form "c".so we can say form "c"
is a documents for tax saving within interstate business.
Example :-
if material purchase within State and item tax rate is 12.5%.
Item amt. :- 100.00
Vat @12.5% :- 12.50
Total purchase value is 112.50/-
if material purchase out of state (cond. dealer and
purchaser both are registered )
Item amt. :- 100.00
CST @2% against form "c" :- 2.00
Total purchase value is 102.00/-
| Is This Answer Correct ? | 345 Yes | 137 No |
Post New Answer View All Answers
We have got 5 firms. Same partner only running all the firms. Salary is going from one firm. But if we go for PT registration it is asking number of employees. I don't know how to fill the form in online. Any one can help me?
SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
what is the difference between vat return and return for remittance on value added tax.
how to finalaze the balence process using tally
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
Explain deferred tax asset?
what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.
How treat TDS & TCS in manual or Tally 9 softwere ?
Is there any change in the section 80E for the financial year 2009-10
Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
what is limit of form "16" or "31",c-form & form "11" or 3b during the issued on one time.
i am new to this tax system if you don't mine "please help me"
if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.
