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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1903)
 Accounting General interview questions  Accounting General Interview Questions (2825)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
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 ?    89 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 ?    66 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 ?    9 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 ?    8 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 ?    8 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 ?    5 Yes 1 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
 
My company liable to paid Service tax for GTA (Goods Transport Agency) in Jan,Feb & March month. our Transport made on 15.02.09 and Transport bill accounted on 02.03.09. on 25.02.09 Service tax reduced 12.36% to 10.30%. So my quastion is what rate should i caluculate to paid the tax. while transport date (12.36%) or Bill accounted date (10.30%) pl tell me.   4
how many percentage tds we have to deduct at a bill with heading "being our professional charges towards supervision of local sampling and analysis of rapseed meal   1
Party had Invoice forward Material & Service combine Bill raise & Service tax service amount on 10.30% raise so that it is service tax is right claim yes Or No.i have confused this invoice, i have TDS deduction and how persentage Deducted Pl reply Adani 2
what is mis   1
life memebership fees receved by an non profit organisation is treated as: 1)Revenue Receipt 2)capital receipt 3)deferred revenue receipt 4)both revenue and capital receipt   1
My question is that if only 20% amount of lic is elgible in one financial year for tax exemption, than one time instalment in lic is elgible for tax exemption ?. for suppose i invest 25000 Rs. only one time in lic.pls. tell me it is elgible or not.   2
if we mentioned vat 12.5% on bill then we print this bill on retail invoice or vat invoice   2
What is service tax?how deduct service tax?   2
Pls advise if a client pays us - Rs. 3,43,00 after deducting 2% TDS 7000 on 3,50,000/- and our Invoice is Rs. 3,30,000/- then how we pas entry of the difference amount Rs. 20,000/-   1
basic knowledge of accounting ?   7
what is the last date of return filling,payment of tds, professional tax,service tax, income tax, ESI,FBT for consultancy firm?   2
what are the ways of paying service tax and vat montly manually??   4
 
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