Interested to Buy Any Domain ? << Click Here >> for more details...
different types of form in which purpose used that is
403,402, c form, d form e1 form, f form, h form, e2 form
- 1 Answers
- 18376 Views
- Reliance, I also Faced
- E-Mail Answers
Answer Posted / selvi
Form C - As per section 8(1)(b) of CST Act, sales tax on
Inter State sale is 4% or sales tax rate for sale within
the State whichever is lower, if sale is to registered
dealer and the goods are covered in the registration
certificate of the purchasing dealer. Otherwise the tax is
higher - (10% or tax leviable on sale of goods inside the
State, whichever is higher). If the selling dealer pays CST
@ 4% or lower (if applicable), he has to produce proof to
his sales tax assessing authority 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. Section 8(4)(a),
therefore, provides that concessional rate is applicable
only if purchasing dealer submits a declaration in
prescribed form ‘C’.
D Form - As per section 8(1)(a) of CST Act as existing
upto 31-3-2007, sales tax on Inter State sale is 4% or
general sales tax rate for sale within the State whichever
is lower, if sale is to Government. Otherwise the tax was
higher - (10% or tax leviable on sale of goods inside the
State, whichever is higher). Section 8(4)(b), therefore,
provided that concessional rate is applicable only if
Government (which is purchasing goods) issues a certificate
in prescribed form ‘D’. Now D form has been abolished and
sale to Government will be treated as sale to unregistered
dealer w.e.f. 1-4-2007.
E-I and E-II form - As per section 6(2) of CST Act, first
Inter State sale is taxable. Subsequent sale during
movement of goods by transfer of documents is exempt from
tax, if the subsequent sale is to Government or a
registered dealer. This is subject to condition that such
subsequent seller obtains declaration (a) from the selling
dealer i.e. from registered dealer from whom goods were
purchased. (b) from purchaser a declaration in C form or
declaration in D form. The selling dealer has to make
declaration in E-I form if it is a first sale and in E-II
form if it is a subsequent sale. One example will clarify
the requirements. Assume that W despatches goods from
Karnataka to Orissa and raises invoice on X in Madhya
Pradesh, W charges 4% CST and pays the same in Karnataka.
During movement of goods, X sells goods to Y in West Bengal
and Y ultimately sells goods to Z in Orissa. Z takes
delivery of goods and the ‘movement of goods’ comes to end.
Sale from X to Y and Y to Z is by transfer of documents. In
this case, W will receive declaration in ‘C’ form from X
and will issue declaration in ‘E-I’ form to X. Later, X
will issue declaration in ‘E-II’ form to Y and receive
declaration in C form from Y. Finally, Y will issue
declaration in E-II form to Z and will receive declaration
in ‘C’ form from Z, which will complete the chain. If the
chain is broken, CST will be payable again.
| Is This Answer Correct ? | 26 Yes | 9 No |
Post New Answer View All Answers
IF MATERIAL TRFD. TO OTHER STATE BRANCH AS STOCK TRFD. IN FEBRUARY AND MATERIAL IS RECEIVED BY BRANCH IN THE M/O MARCH. THAN SHOULD WE ISUE A SEPARATE F FORM FOR THE M/O FEBRUARY AND MARCH
how to calculate service tax on tds
We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??
What are the types of provident funds?
A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?
how to calculated all taxes their information in details
is a pvt ltd. comp. can give advance against salary to his director.
WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
What is VAT TDS? when it is applied & at what rate?
How Many Category of VAT in West Bengal
Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?
how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..
I want PTR Number and I am working professionaly related documents i have but officer asked me to bring any business commencement proof. here,I have no business? so what proof i will give to him.
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
