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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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
 
 
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
What are the criteria to avail lower deduction of TDS & why the lower TDS deduction certificate issued?   3
Wat is U r stength and weekness   2
Is car hire charges attract FBT?   3
If the total material cost of secondary steel products @ BSL, Jharkhand, is Rs.30 lacs exclusive of VAT @ 4%, ED @ 8.24%, TCS @ 1%, and the buyer is registered under the Company's Act, 1956 in Bihar, and carrys VAT & CST certification but no ED registration, then what would be the proforma of purchase invoice ? And if the Buyer sells the above materials with the conversion charges or profit of Rs.5 lacs within Bihar, what would be the proforma of Sale Invoice ?   1
What is Tax Audit ? Brief description please   3
The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 i.e., Rs.20000 is deducted on the gross bill of Rs 120000. My question is whether to deduct TDS on Rs.120000 or on Rs. 100000?   5
Hospital and Telecomunication Service Tax Applicable or Not ?   3
Whether sales tax is chargeable on imported goods. Voltas 2
I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.   5
what is mis   1
pls provide Latest Slab of Profession Tax of year 2008-09   4
There is a Service Bill of Rs.50,000 & Service Tax added 10.30% & We have to deduct TDS @ 2%. Assume that Service Tax Input Credit available to Ur Co. What is the Journal Entry for this? Motorola 19
 
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