CST 2% against C form,Cst 12.5 % without c form, why
government is in loss with C form?

Answer Posted / ca dharmendra

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 ?    148 Yes 31 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???

1974


WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?

1437


Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P

2081


how to caluclate the mumbai tax with example? what is mean by credit and debit ?

1443


what is excise return, what is form requirement and what is procedure for excise return?

1766






If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?

1481


what is the scope of business taxation in private company?

1844


If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.

1504


how can I know the status of the service tax filing of my organisation when I don't have any details except St number. I want to know till what date the returns are filed etc as I have recently joined.

1610


how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..

1533


If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.

1531


How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?

1620


we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us. 

2086


I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?

1619


I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka

1804