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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
why issue c form? what is procedure of issuing 'c' form?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
C Form is a form which is issued for a Registered
Delear.If C Form is issued the CST will be 2% only.The
sale should be inter state sale.
 
Is This Answer Correct ?    199 Yes 21 No
N.sudhakar Babu
 
Answer
# 2
When a sale takes place between persons residing in two
different states, Central Sales Tax (CST) is levied. It is
because, VAT can be levied only on local sales.
Form C is issued by the dealer for purchasing goods from a
dealer outside the state in which he resides. The effect can
be understood by looking at following example:

IF Mr A Registered Dealer in Hyderabad (AP) wants to
purchase goods from Mr B a registered dealer in Mumbai
(Maharashtra).Mr B who is selling the goods will charge CST
at 12.5% on the goods. If Mr A issues him "C" Form then Mr B
should Charge him CST @ 2%; so Mr A is Saving Tax. That is,
if a inter-state sale transaction takes place between
unregistered dealers, CST charged would be higher.
 
Is This Answer Correct ?    111 Yes 13 No
Santhosh
 
 
 
Answer
# 3
FORM 'C' IS ISSUE BY SALES TAX REGISTERD UNIT FOR PURCHASE
IN LOWER RATE OF SALES TAX FROM OUTSIDE OF STATE
 
Is This Answer Correct ?    99 Yes 14 No
Srikant Barick
 
Answer
# 4
This is sales tax Form issued by Sales tax department to
the registered dealer for the purchase of goods from out
side the state at lower rate of tax. Now 2% CST is
applicable for interstate purchase against Form C. Provided
goods should be purchased for the purpose of re-sale.
 
Is This Answer Correct ?    39 Yes 8 No
Ramachandra
 
Answer
# 5
c form issued by registred dealer by sales tax deparment
demond by dealer .purchased covered 2% in out side u.p
 
Is This Answer Correct ?    40 Yes 19 No
Pramod Shukla
 
Answer
# 6
C FORM IS ISSUED BY THE SALES TAX DEPT. ON DEMAND BY THE
DEALER PURCHASING THE GOODS FROM OTHER STATES. ISSUING THE
C FORM ENABLES THE BUYER TO PAY THE GOODS AT A LOWER RATE
i.e.@2% PROVIDED SUCH GOODS ARE PURCHASED FOR THE PURPOSE
OF RESALE
 
Is This Answer Correct ?    24 Yes 5 No
Rohit Vaidya
 
Answer
# 7
Because to purchase at concessional rate of 2% instead of normal rate, First we have to received from the department then issued to seller from other state if it bought at 2% instead of Normal rate. 
Is This Answer Correct ?    16 Yes 1 No
Naveen
 
Answer
# 8
1.bez we are purchse a item at lower rate of tax (2%)from
outside state insted of buyer is eligible to charged a
rate of tax in his state

2. I have no idea abt procedure of issuing c form but if
have any idea to any one for the same plz inform me at my
email ID : dayal.singh38@gmail.com
 
Is This Answer Correct ?    8 Yes 4 No
Dev Singh
 
Answer
# 9
When a sale takes place between persons residing in 2
different states, Central Sales Tax (CST) is levied. It is
because, VAT can be levied only on local sales.
Form C is issued by the dealer for purchasing goods from a
dealer outside the state in which he resides. The effect
can be understood by looking at following example:

IF Mr A Registered Dealer in Hyderabad (AP) wants to
purchase goods from Mr B a registered dealer in Mumbai
(Maharashtra).Mr B who is selling the goods will charge CST
at 12.5% on the goods. If Mr A issues him "C" Form then Mr
B should Charge him CST @ 2%; so Mr A is Saving Tax. That
is, if a inter-state sale transaction takes place between
unregistered dealers, CST charged would be higher
 
Is This Answer Correct ?    5 Yes 1 No
Javeed
 
Answer
# 10
what do you mean balance sheet give me short answer 
Is This Answer Correct ?    2 Yes 0 No
Namrata Jadhav
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
What is the Tax Deduction at Source for the year 2008-09 ?   8
On what amount of sale Excise Duty levied?   5
what is the Finalization?   2
I intend to know what is the liablity of the Company paying commission to an individual under section 194H relating Payment for Commission in terms of obtaining PAN no from the individual? What is the maximum amount of commission up to which the same could be relaxed or it is not mandatory.   1
What is the TDS % & limit on Maintance Charges of Office Space.   4
Please let me know..if we can deduct amount TDS for the payment made to travelling which amounts to Rs. 3702/-   4
what is AMC charges for the year and how to calculate end of the year i.e dec or march   2
please inform the all tax rates (i.e. TDS, VAT, CST, Service Tax, PF, ESI, IT)with payment date, returns filing date and form Nos. for the same.   6
Wat is HRA? How it caculated?   2
As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?   6
what is Difference between R-1 & R-2 Gurgaon Sale tax Return, write 5 to 10 diff.   1
A Accounts Manager of a Company ask You have complete knowledge about income tax. The question is that What things involve in complete income tax ICICI 5
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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