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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1898)
 Accounting General interview questions  Accounting General Interview Questions (2808)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
when company issue c form to the seller it has to issue 
full amount of purchases or it has to deduct the 2% of cst 
amt Ex; purchase for rs.10000/- which includes 40 cst we 
have to issue c form for rs.9960 or we have to issue for 
rs.10000/- which one is correct
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
'C' form has to be issued on the purchase value of the bill
and no need to deduct cst.
 
Is This Answer Correct ?    121 Yes 25 No
Hari
 
Answer
# 2
ISSUED RS 10000/- 
Is This Answer Correct ?    87 Yes 20 No
Mantu
 
 
 
Answer
# 3
C. FORM ISSUED TOTAL AMOUNT OF THE PURCHASE I.E
PURCHASE AMOUNT 9960/-
CST AMOUNT 40/-
C. FORM ISSUED ON 10000/-.
 
Is This Answer Correct ?    52 Yes 17 No
Lalit
 
Answer
# 4
C Form to be issued to the Purchase Value.. It should not
be issued at Net ie., after deduction of Rs. 40/-.
 
Is This Answer Correct ?    41 Yes 17 No
Gaya3
 
Answer
# 5
Hi,

Form "C" will be issued on the Total Amount of Purchases
with Bifurcation of Invoice Amount, Supplier Name, Inv.No.
and Dt. of Invoice.

It ensure that the materials supplied / sold through c form
sales to reduce the Tax component on invoice as per the
provions of act.
 
Is This Answer Correct ?    26 Yes 5 No
P. Navaneetha Krishnan
 
Answer
# 6
c-form is always issued on sales value not on including of
tax (cst).
 
Is This Answer Correct ?    28 Yes 7 No
Madan Lal Dogra
 
Answer
# 7
Rs.10,000/- is correct. No need to deduct CST 2% 
Is This Answer Correct ?    18 Yes 7 No
Chandru
 
Answer
# 8
Rs. 10,000/- is correct. 
Is This Answer Correct ?    19 Yes 9 No
Sami
 
Answer
# 9
c form will be issued on Rs. 10000/- 
Is This Answer Correct ?    12 Yes 5 No
Sunita Solanki
 
Answer
# 10
If Purchase is Rs.10,000/-
- C.S.T 40/-
---------------------------
Product Value is 9,960/-
---------------------------
So we should have Issue C form Amount To Rs.9,960/-
Because we Pay Rs. 40 as C.S.T amount on the time of purchase.
if we issue C Form Rs.10,000/- Then Suppliers of Goods Take Advantage Of Rs.40 From Purchaser & Rs.40 /- Central Sales Tax.
So i think we issued C form of Rs.9.960/-
 
Is This Answer Correct ?    3 Yes 1 No
Shishir Katiyar
 

 
 
 
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