what is the defference between CST with C form and CST With
out C form?
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Answer / tax beginner
CST with Form C - As per section 8(1)(b) of CST Act, sales
tax on Inter State sale is 2% or sales tax rate for sale
within the State whichever is lower, if sale is to
registered dealer and the goods are covered in the
registration certificate of the purchasing dealer.
CST without Form C - Otherwise the tax is higher - (2% or
tax leviable on sale of goods inside the State, whichever
is higher).
If the selling dealer pays CST @ 2% or lower (if
applicable), he has to produce proof to his sales tax
assessing authority that the purchasing dealer is eligible
to get these goods at concessional rate. Otherwise, the
selling dealer will be asked to pay balance tax payable
plus penalty as applicable. Section 8(4)(a), therefore,
provides that concessional rate is applicable only if
purchasing dealer submits a declaration in prescribed
form āCā.
| Is This Answer Correct ? | 22 Yes | 3 No |
Answer / kaushik
CST with C form: It means u have purchased goods from registered dealers and u have to pay tax at concessional rate i.e.2% or vat rate whichever is less.
CST without C form: It means u have to pay tax @ the rate of Local sales tax or 2% whichever is higher.
| Is This Answer Correct ? | 3 Yes | 0 No |
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