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what do you mean by C form , meaning and example
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Answer Posted / praful charde
C form is the term used for the exemption in the sales taxe when the procurement is done between two different states. In a simple way,it acts like a concession form to reduce the state sales tax.e.g. If buyer "A" is from Maharashtra procuring from seller "B" from any other state , then he will issue a C form to the seller in three copies as original, duplicate & counter foil ( receipt copy), with this buyer bears only 2% tax for this procurement. Seller will submit this C form to the tax assessing authority and avail the exemption benefit.
If C form is not being issued then buyer has to bear full tax for the procurement i.e 14.50%
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