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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
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 ?    300 Yes 19 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 ?    140 Yes 12 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 ?    132 Yes 36 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 ?    42 Yes 12 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 ?    37 Yes 16 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 ?    14 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 ?    10 Yes 2 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 ?    5 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 ?    4 Yes 1 No
Shreeshaila P H
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Labour charges for Assembly and Calibration is liable for service tax, & whats the limit   1
What is means by ESI ? How to calculate ESI ? ESI challan or form No. ?   6
What is TCS? Are the rates of TDS and TCS same??   22
What is Tax refund? Deloitte 1
If there is differance in value written on the road permit (along with transfer invoice) and the tax invoice (which is generated after dispatch of material)for inter state sale (specially uttarakhand)which value to be consider for C form? ABC 2
what is difference among VAT, CST and sale tax Sulux-Phosphates 14
The Bank FD matured. The amount was Rs.500000, Interest was Rs.25000, The TDS was 10%, What is Journal Entry for this.   11
Can anybody tell me that what is the difference among ER- 1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting. "THANKS IN ADVANCE"   1
what is mean by security transaction tax? it considers how during profit calculation of shares trading. ICICI 11
UPS ANNUAL MAINTANCE CONTRACT RS. 10000 THEN SERVICE TAX OR VAT HOW MUCH CHARGE. Prime-Technology 2
what is long term capital gains & short term capital gains ? Mphasis 7
If Sales Made Against form c with Rate2%, after then we are unable to collect the form c from party, party is ready to pay debitnote to us, we also agree for this, what procedure to follow, how to pay to Vat Department and which form to be submitted.   4
 
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