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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
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 ?    87 Yes 16 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 ?    65 Yes 19 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 ?    8 Yes 3 No
Ratan Das
 
Answer
# 4
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 ?    8 Yes 4 No
Anil Maurya....ctc
 
Answer
# 5
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 ?    5 Yes 1 No
Mohd. Furqan
 
Answer
# 6
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 ?    6 Yes 2 No
Nishith
 
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 ?    2 Yes 1 No
Sonu
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
WHICH CACULATION NEED FOR EXCISE DUTY FILLING & RETURN SUBITTED TO GOVERMENT?   1
what is E.S.I, P.F rates and working notes   7
I am trader & my office in Delhi & I have any Material purchase from Puna & I want directly dispatch material from Puna to Ludhina which my customer. So what can I do this transaction ? & what will the tax pay.   2
i am newly started cement distribuition company how to maintain salex tax account in tally tnvat format recently its changed @14.5% pease any one post this answer   2
After assessment of books ITO demanded to pay Rs.5000 /- what will be the journal entry   1
we trf goods to our consignment against 'F' form in meerut and he returned some goods back to us plz. tell me should we have to issue a F form to them   1
cab we give form c on o% sales tax Airtel 3
For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?   2
WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L A/C ? Wings-Customer-Care 12
mention the list of services tax applicable   1
what is the differnce between income tax and tax deducted at source?   1
Rent is 50000 and service tax is 6180 what is the tds amount?   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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