what is the exact meaning of cst? what is its usage and what are the bene

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Question

what is the exact meaning of cst? what is its usage and 
what are the benefits of c form?

Question Submitted By :: Bhaskara_rao@in.com

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Answer Posted By

Re: what is the exact meaning of cst? what is its usage and what are the benefits of c form?

Answer
# 1

CST = Central Sales Tax
If customer issues the C-Form then 2% CST is applicable
otherwise full tax is applicable. that means it saves tax.
After delivery of material we have to collect the C-Form
from the party otherwise it is a liability during sales tax
assessment.

Is This Answer Correct ?

163 Yes

23 No

Yash

Re: what is the exact meaning of cst? what is its usage and what are the benefits of c form?

Answer
# 2

whish is levied for the purcheses made inter stetat

Is This Answer Correct ?

19 Yes

20 No

Shiva Kumar

Re: what is the exact meaning of cst? what is its usage and what are the benefits of c form?

Answer
# 3

Meaning if CST is Central Sales Tax ,Tax given to Central
govt.C form is the form issued by the purchaser to seller
in the event if inter state transfer of goods.Purchaser has
to apply for that form from the sales tax dept showing the
details of transaction done with a party during a quarter.
Benefit of c form is that i is the certificate showing that
the purchase done in a concessional rate of tax than the
normal rate of tax on the goods.For example if A in
Maharashtra purchase goods from B in Gujarat on which 12.5%
tax is applicable,A has to pay full tax on that material
ie.12.5% if A is not issuing C-form to B and if A give C-
form A will get goods in a concessional rate,now it is 2%
and depends on the material and Place(ie uninon
territories).B has to produce this C form to the dept while
the time of assessment.

Is This Answer Correct ?

53 Yes

5 No

Jijo Wilson

Re: what is the exact meaning of cst? what is its usage and what are the benefits of c form?

Answer
# 4

I am getting a product from a supplier from my state itself and supplying to another party in other state against "c"form. what all tax should i pay

Is This Answer Correct ?

7 Yes

4 No

Pradeep Kumar.n

Question	Asked @	Answers
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