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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2827)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
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 ?    293 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 ?    137 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 ?    130 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 ?    41 Yes 11 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
 
TELL ME CST RATES, VATE REATES IN U.P. DELHI.   2
What do you mean by MOT Charges in excise ? Explain !   2
What is WCT TDS? who is liable to deduct the WCT TDS? Apex 33
what is the rate of tds on interest payment and basic exemption limit for general insurance co.   1
company want to me deduct tds, i have pan if i need tan number.if yes kindly explain why? vguard 1
what is extra at actuals in excise duty. how 2 calculate them on basic price?   1
In a case one company has paid surcharge of Rs100000 by mistake. What are the remedies available to the companies. M&M-Associates 3
I am an registered dealer in Rajasthan State, and I am selling goods out of Rajasthan to a registered/unregistered dealer without 'c' form. What cst will be charged on it?   5
IF MATERIAL TRFD. TO OTHER STATE BRANCH AS STOCK TRFD. IN FEBRUARY AND MATERIAL IS RECEIVED BY BRANCH IN THE M/O MARCH. THAN SHOULD WE ISUE A SEPARATE F FORM FOR THE M/O FEBRUARY AND MARCH   2
which form will applicable for tds   1
How Can i file tds return   1
I'm a Taiwaness, and my boss have investment in india. I have a question about TDS. If I rent a one day car that doesn't sign any contract or agreement, should I pay the TDS or should I dedcut TDS from payment of this expenditure.   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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