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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 (2777)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
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
I also faced this Question!!     Rank 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 ?    183 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 ?    22 Yes 26 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 ?    61 Yes 6 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 ?    9 Yes 5 No
Pradeep Kumar.n
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what are the present provident fund rates?   3
types of tax Banking 3
What do you mean by Commercial Tax?   1
Can a Company can issue C Forms in Advance to the seller (Other than govt.dept.)   4
What slab of Income Tax on till date.How many limit of investment for Indvidual.   2
1> how can calculate tax for provide service? 2> how can calculate vat for selling product?   1
What is the Difference between Previous Year and Preceding Previous Year?   1
What is the full form of TDS & TCS   24
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return?   2
Please tell me what is the meaning of equity share, dividends,share exchange,etc, please give me clear & briefly answer? ComSoft 5
Till the Discounted bill is paid by acceptor it remains. 1) A contigent liabilities for the acceptor. 2) A contigent Liabilities for the Drawer. 3) A contigent Liabilities for the bank 4) A contigent Liabilites for drawer   2
Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a person, When at the time of Payment We deduct TDS or Not? Note: There is No Agreement or Contract with them I need the Help. Regards Sakthi Bajaj 5
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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