why issue c form? what is procedure of issuing 'c' form?
Answer Posted / santhosh
When a sale takes place between persons residing in two
different states, Central Sales Tax (CST) is levied. It is
because, VAT can be levied only on local sales.
Form C is issued by the dealer for purchasing goods from a
dealer outside the state in which he resides. The effect can
be understood by looking at following example:
IF Mr A Registered Dealer in Hyderabad (AP) wants to
purchase goods from Mr B a registered dealer in Mumbai
(Maharashtra).Mr B who is selling the goods will charge CST
at 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. That is,
if a inter-state sale transaction takes place between
unregistered dealers, CST charged would be higher.
| Is This Answer Correct ? | 285 Yes | 29 No |
Post New Answer View All Answers
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
witch taxes are calculate in CENVAT for Gold ornaments ?
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
What is difference between Contract and legel and legel and profession service???? I had face this question in interview
how & on which amt tax should be calculate on pvt ltd company or ltd company
what are the slab rate for F Y 2010-11
interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.
what is rules of taxation
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
My client has not filled income tax return for ay-2013-14
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.
if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form