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Categories >> Accounting >> Taxation


 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1899)
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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  
# 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
# 2
ISSUED RS 10000/- 
Is This Answer Correct ?    87 Yes 20 No
# 3
C. FORM ISSUED ON 10000/-.
Is This Answer Correct ?    52 Yes 17 No
# 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
# 5

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
# 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
# 7
Rs.10,000/- is correct. No need to deduct CST 2% 
Is This Answer Correct ?    18 Yes 7 No
# 8
Rs. 10,000/- is correct. 
Is This Answer Correct ?    19 Yes 9 No
# 9
c form will be issued on Rs. 10000/- 
Is This Answer Correct ?    12 Yes 5 No
Sunita Solanki
# 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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