ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1892)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what do you mean by C form , meaning and example
 Question Submitted By :: Shirsat_libra
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what do you mean by C form , meaning and example
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 ?    231 Yes 14 No
Guest
 
  Re: what do you mean by C form , meaning and example
Answer
# 2
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 ?    108 Yes 27 No
Rathna
 
 
 
  Re: what do you mean by C form , meaning and example
Answer
# 3
'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 ?    105 Yes 10 No
Govinda Rao
 
  Re: what do you mean by C form , meaning and example
Answer
# 4
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 ?    32 Yes 11 No
Manish Agarwal
 
  Re: what do you mean by C form , meaning and example
Answer
# 5
'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 ?    25 Yes 9 No
A.v.k.s. Chandramouli
 
  Re: what do you mean by C form , meaning and example
Answer
# 6
;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 ?    8 Yes 7 No
Alexpandian
 
  Re: what do you mean by C form , meaning and example
Answer
# 7
'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 ?    9 Yes 2 No
Sumansharma
 
  Re: what do you mean by C form , meaning and example
Answer
# 8
c form issued by the buyer to the supplier.when the purchase from out of state. 
Is This Answer Correct ?    7 Yes 1 No
David
 
  Re: what do you mean by C form , meaning and example
Answer
# 9
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 ?    4 Yes 1 No
Srinivas
 
  Re: what do you mean by C form , meaning and example
Answer
# 10
"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 ?    3 Yes 0 No
Geetanjali Sahoo
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
i have received bill from civil work contractor in that they charges Service tax & vat on same amount & .Please clarify   5
The Loss of Profit & Loss A/C Where It is Shown in Balance Sheet Liability or Assets Why ? Titan 5
We are the manufacturing unit & we have Excise Registration no also. My Question is what is Ex. Duty & why we take Excise Registration.   1
WHAT IS THE MANAGEMENT ? Ikea 1
CAN TDS BE DEDUCTED IF LABOUR CHARGES ARE PAID IN CASH   3
how many forms of vat return is ABC 2
compute income tax for the nett income of Rs 325560 In case of Individual Resident women Senior citizen Firm add education cess on the tax   1
wct rate all over india state wise   5
what is the rate of tds on interest payment and basic exemption limit for general insurance co.   1
As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.   2
I am salaried, can I get rebet of car loan from income tax? Omnitech 2
how to calculate service tax   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com