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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1917)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
CST 2% against C form,Cst 12.5 % without c form, why 
government is in loss with C form?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Dear, The Concept of C form is Originated to catch
duplication of Taxes in Diff State,, As per the the Legal
Concept TAX is to be credited to STATE where the Goods is
Finally consumed or Used..

So in case of Interstate, The State Govt is getting nominal
2% and the End user state will get the subsquent local VAT.
 
Is This Answer Correct ?    91 Yes 17 No
Ca Dharmendra
 
Answer
# 2
the concept of intoducing the c form is to encourage
interstate transaction with registered dealers.
if dealer do transaction through c form then only 2 % is
the tax liability, and when dealer did not used any c form
then the tax liabilty is equilant to lacal sales tax. by
this government is encouraging to do the transaction throgh
registered dealers only
 
Is This Answer Correct ?    67 Yes 20 No
Meena Rawat
 
 
 
Answer
# 3
The main reasons of introducing Form C are

1) to encourage interstate transaction
2)And to reduce cost of product to end user state.
3)to encourage manufacture of manufacturing company of the
state as well as turnover.
4)to increase turnover of backward state/union territory by
allowing exemption of CST
 
Is This Answer Correct ?    10 Yes 3 No
Ratan Das
 
Answer
# 4
Hello Everyone, I Just Came To Know That If The Purchaser Cannot Issue The C Form Than The CST Would Be 5%.
Any One Have A Idea Of This???
Please Comment.
 
Is This Answer Correct ?    9 Yes 3 No
Nishith
 
Answer
# 5
as per as the provisions that c form would be filled as the
period of f.y when sale will across the state but different
from local sale value of output units bcs of state formed
tax policy according to their considering facts of per
capita income and real money power in respect of goods and
services which effect on govt. budget,monentry policy and
as well as fiscal policy.
 
Is This Answer Correct ?    9 Yes 4 No
Anil Maurya....ctc
 
Answer
# 6
the concept of intoducing the c form is to encourage
interstate transaction with registered dealers.
if dealer do transaction through c form then only 2 % is
the tax liability, and when dealer did not used any c form
then the tax liabilty is equilant to lacal sales tax. by
this government is encouraging to do the transaction throgh
registered dealers only
 
Is This Answer Correct ?    6 Yes 2 No
Mohd. Furqan
 
Answer
# 7
Sir,We purchase a cvcf electornic item form central sale on
2 % against c-form,Wants to sale on local on full rate can u
tell me the full rate on same product for local sale
 
Is This Answer Correct ?    3 Yes 2 No
Sonu
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
HOW TO FILE TDS/TCS TAX CHALLAN AND WHAT IS THE LAST DATE FOR THIS   2
i have received bill from civil work contractor in that they charges Service tax & vat on same amount & .Please clarify   5
What is the limit to applicable the surcharge on TDS.   2
When i deduct TDS from my Sundry Creditor, i have to provide him TDS Certificate, after submitting the TDS Certificate to the party what Procedure i have to follow from my Company ? TATA 1
what is the journal entry of outstanding wages ? ABC 27
can we deposit UPVAT & Central Sale Tax through Net Banking from HDFC or YES Bank   2
Why buyer have to issue C forms & what is the issue   1
If Buyer of Haryana purchase material like advertisement material from other state for the purpose of advertising & as a registered dealer providing C- Form to the seller den whether then what will be the rate % is it 2% or normal rate ABC 1
IF WE BOOK PURCHASE AS EXPENDITUR.THE CAN BE ISSUE C-FORM AGAINST THAT PURCHASE   1
excise duty receivable is current asset and does not include in purchase value ? JPMorgan-Chase 1
Wat is capitalgains?   1
what is service tax charged in india   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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