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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 (1900)
 Accounting General interview questions  Accounting General Interview Questions (2812)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
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
 
dear Sir, we have purchased Small & Big size blade for manufacturing extrusion machine rubber cutting . This input vat claim it or not ? Pls informe me Regards   1
How can I calculate TDS AND FBT tax for a Travel Company? Travel-Plan 2
I am paying LIP to my daughter Rs 12500 per annum since 5 years. last year she got married. Pl advice me whether I can add her LIP payment to my savings to get Tax benifit   1
what is the diffrence between tds and vat? GMR 14
TDS IS REFUNDABLE?IF YES OR NOT GIVE REASON.   3
what is the tax % of contractors? vguard 9
what are the tax exempted allowances?   1
tds can be applicable on haltage(late time unloading )   2
Can CST credit be claimed on CST paid? Is there a concept like Cenvat credit in CST just like in VAT?   1
Which form we use for depositing Service Tax ABC 4
From Buyer's point of view, In Interstate purchase to save tax we issue "C" form but at the same time can u tell me by allowing issuing "c" form govt bearing any losses in collection of taxes. e.g.while giving c form i only pay 2% instead of 12.5% the is it loss to govt of 10.5%, if yes then why govt. allowing "c" form, pls explain.   1
What is the rate of TDS applicable for Advertisement in FY 2008-09 (Individual+Company)?   5
 
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