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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 (1893)
 Accounting General interview questions  Accounting General Interview Questions (2783)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4354)
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 :: Praveen
I also faced this Question!!     Rank Answer Posted By  
 
  Re: 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
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 ?    119 Yes 25 No
Hari
 
  Re: 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
Answer
# 2
ISSUED RS 10000/- 
Is This Answer Correct ?    86 Yes 20 No
Mantu
 
 
 
  Re: 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
Answer
# 3
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
 
  Re: 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
Answer
# 4
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 ?    51 Yes 16 No
Lalit
 
  Re: 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
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
 
  Re: 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
Answer
# 6
Rs. 10,000/- is correct. 
Is This Answer Correct ?    19 Yes 9 No
Sami
 
  Re: 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
Answer
# 7
Rs.10,000/- is correct. No need to deduct CST 2% 
Is This Answer Correct ?    18 Yes 7 No
Chandru
 
  Re: 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
Answer
# 8
c-form is always issued on sales value not on including of
tax (cst).
 
Is This Answer Correct ?    27 Yes 7 No
Madan Lal Dogra
 
  Re: 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
Answer
# 9
what is period of issue the form c 
Is This Answer Correct ?    6 Yes 5 No
Dushyant Kumar
 
  Re: 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
Answer
# 10
c form will be issued on Rs. 10000/- 
Is This Answer Correct ?    12 Yes 5 No
Sunita Solanki
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
What are the criteria to avail lower deduction of TDS & why the lower TDS deduction certificate issued?   3
what is the difference between banker cheque and cheque? Apex 6
SIR, I HAVE SOLD GOODS FORM FARIDABAD TO MUMBAI ON 2007 AND PARTY HAS PAID MY INVOICE VALUE AND NOW WE ASK FOR C FORM , THEY IGROGE TO PROVIDE C FORM AND SAY WE HAVE PAY YOU YOUR INVOICE AMOUNT. SO HOW MUCH PANELTY AMOUNT SHOULD SALESTAX DEPARTMENT WILL CHARGES FROM US IF NOT PROVIDE C FORM. PATY ALSO SAY TO TEL US PANELY AMOUNT ? THEN THEY CAN GIVE PANALTY AMOUNT BUT NOT C FORM ? please reply soon   3
Hi..My Question is related to TDS Claim. I have got the TDS certificate for F.Y 2009-10.TDS amount is 2200.00 Looking in 26AS( F.Y 09-10 ) I can not see any credit of 2200.00. This credit is available in 26AS of F.Y 2010-11. What shall I do avail credit of same in F.Y 09-10.   2
when Form-16 and Form-11 issued? what is difference in these two? Sabic 2
what is the exemption for income tax u/s 80c and with other sections.   2
As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.   2
whaT is TDS? give the rates. Procedure for preparing the same?   1
What is Business?   3
when we reqiure C form from Party?   3
What is the accounting entry to be posted for TDS if the assess is Firm (or) Company (or) Proprietorship (or) Individual? eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (What entry should i pass in "CDE & Co" and "ABC & Co")   1
AFTER GIVING INTEREST PROFIT OF RS. 20130 GIVING TO 2 OF WORKING PARTNERS OF THE BUSINESS FIRM   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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