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Categories >> Accounting >> Taxation
 
 


 

 
Question what is vat?
what is excise?
what is form c & d in sales tax?
 Question Asked At :: iFlex, Aksh Optifibre Limited, Cat Computer Service Pvt Ltd, Natwarlal, If C-Form Is Not Issued Purchaser To Seller? Then What Happen, Esorts Construction Equipment Ltd., TCS, Murjani, 1223, Dhl Express, In Ca Firm, Precise Die Punching, When And Why D Form Use Pleas
 Question Submitted By :: malaykrishnasaha
I also faced this Question!!     Rank Answer Posted By  
 
Answer
Form C is issued by the dealer for purchasing goods from
the dealer out side the state in which he resides the
effect can be understood ny looking at following example

IF Mr A Registered Dealer in Hyderabad (AP) wants to
purchase goods from Mr B a registered dealer in Mumbai.Mr
B who is selling the goods will charge VAT @ 4% or 12.5% on
the goods if Mr A issues him "C" Form then Mr B should
Charge him CST @ 2% so Mr A is SAving Tax.

Form D serves the same purpose but it has to be issued by
government

 
Kathiravan
 
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