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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 (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4363)
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 ?    88 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
 
what is the Last date of Yearly VAT Return in Haryana Sale Tax ?   11
We have purchased staples Item & vendor charged freight in his invoice.should we deduct TDS on freight charges by vendor?   1
Pass a entry for purchase a material for Rs. 2000 inclusive of VAT @ 4% on Rs. 1500 & @12.5% on Rs. 500 with narration   10
Whether Tax will be deducted by Deductee as a Society for Construction Contact Rs 3000000 to a Company   1
We purchase Electricals Cabel for Panel & Fitting for our company, we have issued Form "C" to above material purchase From OGS   3
What is LST Number   3
AOP meana association of persons which includes individuals BOI means association of individuals .so my question is how to recognize a client whether he is aop or boi when he is a associaton of INDIVIDUALS.I will be helpful to those answered my question   1
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??   1
wHAT IS THE DIFFRANCE BETWEEN PAN NO. AND TAN NO. AND WHAT IS THE USE OF BOTH OF IT......?????   9
HOW TO CALCULATE THE PF WAGES% ON GROSS WAGES ? HOW TO CALCULATE THE HRA % ON GROSS WAGES? HOW TO CALCULATE WASHING ALLOWENCE AND OTHER ALLOWENCES % ON GROSS WAGES?   4
UNDER CST IF WE PURCHASE GOODS ON 26 JULY 2010 AND GOT THE DELIVERY ON 4 AUG 2010,ON WHAT DATE SHOULD I ENTER THE BILL IN TALLY.   4
How can I calculate Depriciation on Fixed AND CURRENT ASSESTS ? Travel-Plan 4
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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