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
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/-
sub: salary tds
1) will financial year and assessment year apply for salary
tds. ie if my employer is deducting tax then will it be for
the last year or current year.
2) in case of assessment year,( example 1st april 2009 to 31
why it is given as one year does it mean that the total year
is meant for assessing and then when shall we pay the tax or
file the returns???
3) in case of assessment year 1st april 2007 to 31 march
2009, when should i stop assessing and start deducting the
tax and when should i pay it to it dept
Dear Sir please give the answar for the following question.
What is the CST rate, if C form is fail to file after
issued final Assessment Order. Because our commidity is @
4%. But in the assessment order they are demanding @12.5%
tax to which c forms are not submitted. for this issue
what is the rate applicable.