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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1915)
 Accounting General interview questions  Accounting General Interview Questions (2843)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
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 ?    319 Yes 20 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 ?    153 Yes 13 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 ?    138 Yes 38 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 ?    49 Yes 14 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 ?    38 Yes 20 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 ?    16 Yes 4 No
Sumansharma
 
Answer
# 7
c form issued by the buyer to the supplier.when the purchase from out of state. 
Is This Answer Correct ?    12 Yes 4 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 ?    10 Yes 3 No
Srinivas
 
Answer
# 9
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 ?    5 Yes 3 No
Shreeshaila P H
 
Answer
# 10
;c' form is out sate purchase in rate tax in seller give the 'c'form so you can given to the c form 
Is This Answer Correct ?    10 Yes 9 No
Alexpandian
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what is vat rates in andhra pradesh Narayana 7
What is 43B in an Indian Taxation? GET-Engineering-Construction 2
what are organisations pay tds? when?   1
if v have contract with the Purchasers then on the purchase bill which has VAT, can v deduct TDS Contract basis under 94J   3
depreciation on computers   4
How can I calculate TDS AND FBT tax for a Travel Company? Travel-Plan 2
scrap material value 5000/- vat rate is 5%+tcs. now my question is 1.how much value of tcs & vat. 2.after taxable value add vat or add tcs (before vat or tcs) & how much value of vat & tcs. Plz reply me   1
What is the accounting entry to be posted for TDS if the assess is Firm (or) Company (or) Proprietorship (or) Individual? eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (What entry should i pass in "CDE & Co" and "ABC & Co")   1
what is the exact meaning of cst? what is its usage and what are the benefits of c form?   5
what is the income tax rates of domestic and forgin companies   1
What is MAT? and whom its applicable and what its rate? Bank-Of-America 6
Can anybody explain? what's consumeble items?   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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