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what is vat?
what is excise?
what is form c & d in sales tax?
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Answer Posted / raupya
Form C is issued by the dealer for purchasing goods from
the dealer out side the state in which he resides the
effect can be understood ny looking at following example IF
Mr A Registered Dealer in Hyderabad (AP) wants to purchase
goods from Mr B a registered dealer in Mumbai.Mr B who is
selling the goods will charge VAT @ 4% or 12.5% on the
goods if Mr A issues him “C” Form then Mr B should Charge
him CST @ 2% so Mr A is SAving Tax.
| Is This Answer Correct ? | 19 Yes | 22 No |
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