when we reqiure C form from Party?
- 3 Answers
- 6171 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manish.panchal
We need at the End of F.Y or at the time of sales tax
assessment to prove to STO that you have done interstate
Transaction. And Hence You have charge less Sales Tax.
| Is This Answer Correct ? | 11 Yes | 2 No |
What is C form: As per section 8(1) (b) of CST Act 1956
sales tax on interstate sales is 2% or state rate whichever
is lower, if the sale is to a registered dealer and goods
are covered in the registration certificate of the
purchasing dealer. Otherwise the tax applicable is the state
rate applicable on the goods sold.
If the selling dealer pays CST @ 2% i.e @ concessional rate
then he has to produce proof to his sales tax assessing
authorities 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. Therefore section 8(4)(a) provides that
concessional rate is applicable only if purchasing dealer
submits a declaration in prescribed form C.
Number of Transactions per C forms: One declaration in C
form can cover all transactions in one quarter, irrespective
of total amount/value of transactions during the quarter.
(Quarter means period of three months). If a transaction
covers more than one quarter, separate C form is required to
be issued for each quarter.
Although there is specific time frame in which the C form
has to be by the party, However since it is issued to cover
the transaction of one quarter hence the practice of
collecting C form every is considered as good practice and
it is being followed at prensent in most of the industries.
| Is This Answer Correct ? | 8 Yes | 1 No |
If an employee joins a new company, who is liable to transfer his PF amount from old company to new company, and what is the process for that ?
2 Answers Shanker Infra And Allied Services,
we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?
What do you mean by fair rent?
can i take input tax credit on inter state purchase? reply breifly.
IF I DIDNT FILL TDS RETURN I PAYING ALL TAX WHAT IS THE PROCEDURE
Q1. What is the TDS rates for the current year 2009-10. for commission, Rent , contract and sub-contract Advertising. Q 2. What is the current year professional tax slab.
4 Answers Infosys, T R Fastenings,
What is the difference where sales accounted exluding and including of vat, octrai, other taxes?
which amount filling in c form (in invoice) its urgent basic value of item + excise duty + cst
What are the excise duties in our state?
PLEASE ANY BODY TELL WHT IS PRESENT RATES OF TDS AND HOW MANY TAXES ARE THERE PLEASE SEND ME THE ANSWER TO MY EMAIL ADRESS I WAITING FOR UR ANSERS
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
What is Entertainment Tax?
Audit 
