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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1913)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
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 ?    123 Yes 26 No
Hari
 
Answer
# 2
ISSUED RS 10000/- 
Is This Answer Correct ?    87 Yes 22 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 ?    53 Yes 18 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 ?    42 Yes 18 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 ?    29 Yes 8 No
Madan Lal Dogra
 
Answer
# 7
Rs. 10,000/- is correct. 
Is This Answer Correct ?    19 Yes 9 No
Sami
 
Answer
# 8
Rs.10,000/- is correct. No need to deduct CST 2% 
Is This Answer Correct ?    18 Yes 8 No
Chandru
 
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 ?    5 Yes 1 No
Shishir Katiyar
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
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 march 2010), 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 GIC 1
if firm sales tax paid , under which ledger and subledger it would be posted? give brief information   4
What is Form H .Why we required form H. How it can benefit us?   1
pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR   4
TDS RATE ON SALARY FOR THE A.Y 2010-2011? Exide 9
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.   1
what is deemed assessee?   4
how i can grab more information about income tax?   1
Why service tax payable is not considered while calculating Wct Tds.   1
a x company deduct tds against our bills so how i entry this type of transaction in talyy 9.0 ?   1
i ask to i am deposit tds for cash yes / no please tell me   4
What is Inter Company Reconciliation? TCS 11
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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