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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1892)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
CST 2% against C form,Cst 12.5 % without c form, why 
government is in loss with C form?
 Question Submitted By :: Piyush.gupta
I also faced this Question!!     Rank Answer Posted By  
 
  Re: CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
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 ?    83 Yes 14 No
Ca Dharmendra
 
  Re: CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
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 ?    64 Yes 18 No
Meena Rawat
 
 
 
  Re: CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
Answer
# 3
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 ?    7 Yes 3 No
Anil Maurya....ctc
 
  Re: CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
Answer
# 4
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 ?    7 Yes 1 No
Ratan Das
 
  Re: CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
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 ?    3 Yes 1 No
Mohd. Furqan
 
  Re: CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
Answer
# 6
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 ?    1 Yes 0 No
Sonu
 
  Re: CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
Answer
# 7
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 ?    5 Yes 1 No
Nishith
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
when we reqiure C form from Party?   3
How will we caluclate interest on advance tax ? Patni 2
we can cash slase above 20000? and if party pay the above 20000 we can give the recipt.   1
CAN WE GET 100% CREDIT OF SERVICE TAX INPUT AMOUNT WHILE PAYING SERVICE TAX. LIKE SERVICE TAX PAYABLE IS RS. 100 AND SERVICE TAX INPUT IS RS. 30 FOR THE BILL OF TELEPHONE, TRAVELLING BILL REPAIR AND MAINT OF CARS ETC. PLS HELP ME OUT ASAP Chartered-Accountant 3
HOW TO SOLVE T-FV-1019 Invalid File Format   1
what is the incometax   3
is F form needed while making intra stock transfer ?   2
which is the Due date of Challan & return filing dates of VAT,PF,PT,ESI,TDS,Service TAx and IT in Uttarakhand.   3
can we clarify any questions/doubts raised by other persons   1
what is the different between CST , VAT, and Excise Duty ? L&T 12
Give some examples under sec. 80C? What is the maximum limit ? OPI-Global 6
How to Claim Cenvat Credit.   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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