IF WE BOOK PURCHASE AS EXPENDITUR.THE CAN BE ISSUE C-FORM
AGAINST THAT PURCHASE
Answer / h.r. sreepada bhagi
One can buy goods against C Form only for the purpose of
resale or using it as input in the process of manufacture,
or Machinery/Plant in the use of manufacture of taxable
products.
If it's not purchased as above the buyer can not issue C-Form.
For details & specific provisions, read the latest Central
Sales Tax (CST) Act of your state.
| Is This Answer Correct ? | 1 Yes | 0 No |
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
what is the journal entry of outstanding wages ?
27 Answers ABC, OBI,
What is the limite of deducted of WCT & how we fill the return in Haryana
I we take computer and laptop on rent basis the vendor charge 5% vat bill then we should deduct TDS for them @2% or 1%
what is the rate of VAT in differnt items for example metals, wine, garments, foods, electonics, medicine
what is rate of different service tax in haryana
What is the treatment of Live Stock ? if it is transfer to the Profit & Loss Account or otherwise it will be treated?
what is mean by wct
What is TCS? On Which it is Computed.
If foreign remittance revived from abroad from company to an individual saving account ,who has a tax payer,through designated agent/diplomat of rbi,( e.G. In case winning of prizes or lottery ) What is c.O.T. Code charges ? How can we treated in accounts ?
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.
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com