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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1917)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
what is the defference between CST with C form and CST With 
out C form?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
CST with Form C - As per section 8(1)(b) of CST Act, sales
tax on Inter State sale is 2% 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.

CST without Form C - Otherwise the tax is higher - (2% or
tax leviable on sale of goods inside the State, whichever
is higher).

If the selling dealer pays CST @ 2% 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.
 
Is This Answer Correct ?    19 Yes 3 No
Tax Beginner
 
Answer
# 2
CST with C form: It means u have purchased goods from registered dealers and u have to pay tax at concessional rate i.e.2% or vat rate whichever is less.

CST without C form: It means u have to pay tax @ the rate of Local sales tax or 2% whichever is higher.
 
Is This Answer Correct ?    0 Yes 0 No
Kaushik
 
 
 

 
 
 
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