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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
Question
what do you mean by C form , meaning and example
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
"c" form is the form issued by buyer to the supplier when
the purchase transaction is on 'cst' basis(purchased from
out of state). The form is issued by commertial tax office
on providing the 'cst' purchase details by the buyer.
 
Is This Answer Correct ?    271 Yes 17 No
Guest
 
Answer
# 2
'C' form is issued by the buyer when the purchse is outside
the state. and the form is used to reduce the tax burden of
VAT i.e local sales tax . if 'C' form is issued by the
buyer then buyer can only bear CST of 2% and VAT of local
tax excluded
 
Is This Answer Correct ?    125 Yes 11 No
Govinda Rao
 
 
 
Answer
# 3
C form is issued by buyer to the supplier because of buyer
purchase the goods from outside the state so,buyer given c
form to supplier. c form is given only inter state purchase
 
Is This Answer Correct ?    124 Yes 34 No
Rathna
 
Answer
# 4
'C' FORM IS ISSUED BY THE PURCHASER TI THE SELLER. WHENEVER THE PURCHASER BUYS THE GOODS FROM OUTSIDE THE STATE THAN HE (PURCHASER)IS CHARGED WITH 2% CST IN ORDER TO AVOID ANY LOCAL TAX IN HIS INVOICE.

EX: WHEN 'A' WHO IS IN BANGALORE BUYS GOODS FORM 'B' WHO IS IN CHENNAI THEN IT IS CALLED AN INTERSTATE PURCHASE. IN THIS PROCESS 'A' IS CONSIDERED AS CST CUSTOMER TO 'B'. DURING WHICH 'A' HAS TO ISSUE THE 'C' FORM TO 'B' FROM THE COMMERCIAL TAX DEPARTMENT IN ORDER TO CLAIM THE BENEFIT OF CST PURCHASE AND 'B' TO SHOW CST SALES IN HIS BOOKS. HE WILL BE LEVIED TAX @ 2% BY 'B'. INFAILURE OF NOT SUBMITTING THE 'C' FORM BY 'A' HE WILL BE CHARGED LOCAL VAT DURING HIS SALES AND BUYING TRANSACTION.
 
Is This Answer Correct ?    35 Yes 10 No
A.v.k.s. Chandramouli
 
Answer
# 5
C form is issued by buyer for reduced the tax burden of VAT
.if buyer not issue C form then he will paid double rate of
tax.
 
Is This Answer Correct ?    34 Yes 14 No
Manish Agarwal
 
Answer
# 6
'C' form issued by the buyer to the suppliers. when the purchase
transaction is an a 'CST' basis. (purchase from out of state).than buyers
given "c" form to suppliers.
 
Is This Answer Correct ?    12 Yes 2 No
Sumansharma
 
Answer
# 7
c form issued by the buyer to the supplier.when the purchase from out of state. 
Is This Answer Correct ?    9 Yes 1 No
David
 
Answer
# 8
C Form is a Form which issued by buyer to supplier when the
purchase is in interstate. if there is a purchase
transaction made without c form, then the local vat will be
charged in that invoice, to reduce the vat and to collect
the interstate cst value form c will be issued by buyer.
after a year submission of c form from apr - march in cto
then the cst value will be refund
 
Is This Answer Correct ?    6 Yes 1 No
Srinivas
 
Answer
# 9
"c" form is the form issued by buyer to the supplier when
the purchase transaction is on 'cst' basis. purchased from
out of state. The form is issued by commertial tax office
on providing the 'cst' purchase details by the buyer.if 'C'
form is issued by the buyer then buyer can only bear CST of
2% and VAT of local tax excluded.
 
Is This Answer Correct ?    4 Yes 1 No
Geetanjali Sahoo
 
Answer
# 10
c form issued by the buyer to the supplier.when the purchase from out of state.
EX: WHEN 'A' WHO IS IN BANGALORE BUYS GOODS FORM 'B' WHO IS IN CHENNAI THEN IT IS CALLED AN INTERSTATE PURCHASE. IN THIS PROCESS 'A' IS CONSIDERED AS CST CUSTOMER TO 'B'. DURING WHICH 'A' HAS TO ISSUE THE 'C' FORM TO 'B' FROM THE COMMERCIAL TAX DEPARTMENT IN ORDER TO CLAIM THE BENEFIT OF CST PURCHASE AND 'B' TO SHOW CST SALES IN HIS BOOKS. HE WILL BE LEVIED TAX @ 2% BY 'B'. INFAILURE OF NOT SUBMITTING THE 'C' FORM BY 'A' HE WILL BE CHARGED LOCAL VAT DURING HIS SALES AND BUYING TRANSACTION.
 
Is This Answer Correct ?    3 Yes 0 No
Shreeshaila P H
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
at what percentage of tax is collected for non submission of 'c' form by the commercial tax authorities   2
Can anyone tell me the limit of Professional fees on which service tax is to be charged?   1
What diffrance between 1st stage,2nd stage and 3rd stage dealer in excise.? Explain.!   5
Whether unutilised CENVAT credit can be included in the net profit of an assessee for the computation of Income Tax payable if an assessee is following exclusive method of accounting?   1
If we purchase Inter -state any Plant & Machinery for Works contract for completion of a Project and later after completion of the same if we move that material to other State , Can we get "C" form against this material where we have purchased it. Is there any Notification regarding the same . In which circumstances a Works contractor can get "C" Form ? If against "C" Form a works contractor purchased the material and passed on the material via Works contract to the client whetheer Local VAt rate is also applicable on the same .   1
Please tell me about TDS, VAT, CST, Service tax with latest rate? TVS 17
HOW TO CALCULATE MY EPF INTEREST? IF I HAVE JOINED TO A COMPANY ON 1ST FEB'08'& RESIGNED ON 31ST DEC'09', THEN WHAT WOULD BE MY EPF INTEREST? MY BASIC IS RS.7500/-PER MONTH? STATE BRIEFLY Reliance 4
Tell me the meaning of VAT (TDS) When it will be applicable? & rate of VAT TDS HCL 4
Iam 1 truck owner and tds diduct in my trucks bills.How can i refund the tds amount. if any forms to do this.pl tell me.   1
What is the different types of rates of TDS for different Catogaries of services.   2
What is a service tax?.How to pay the service tax return?   1
Give details about TDS and its applicapable rates of latest year. CA 1
 
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