If seller sale exempted goods outside the state then "c form" is necessary or not?
- 1 Answers
- 2509 Views
- Infosys, I also Faced
- E-Mail Answers
Answer / abhivirthi tax and industrial
Inter-State sales covered by valid C Forms were liable for taxation at the rate of 3 per cent with effect from 1.1.2007 to 31.5.2008 and at the rate of 2 per cent with effect from 1.6.2008. Inter-State sales not covered by C Forms were liable for taxation at the local Value Added Tax rates of the appropriate States i.e. local VAT Rates.
Thus the C Forms were used only to avail concessional rate of tax.
If the goods sold were exempted there is no provision to levy tax and availing of concession rate of 2% does not arise and hence if the seller sells exempted goods outside the state, C Form is not necessary.
In simple C form not necessary for exempted sale.
Reply From:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, Palaami Enclave, New Natham Road,
Madurai-625014.
Website: www.abhivirthi.blogspot.com
Cell: 9994990599
| Is This Answer Correct ? | 1 Yes | 0 No |
Condition 1. If buyer A(in rajasthan) purchase the steel from buyer B(in gujarat. B is a plant of Company. A purchases directly from Plant. A having C form. what would be the tax levied on A. What would be his benefits through C form. Condition 2. If A purchases the steel material by the Company warehouse which is situated in rajasthan. A also is in rajasthan. what type of benefits A gets. Both the parties are registered. which condition is best for purchase either 1 or 2
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
Who is to paid income tax and what is the procedure of filling income tax return?
1· Other Mortgage Questions ?
what is the tax % of contractors?
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
Define financial year?
What is WCT? On Which it is calculated?pleasegive any example.
how to calculate of FBT with example & what is Rate
If IOCL give turnkey project to any contractor who will be got benifited with respect to tax(Direct/Indierct) and how.
what is SLR
What is the form H in case of sale to export? what is the sale against form "H"?
Audit 
