Interested to Buy Any Domain ? << Click Here >> for more details...
What is the benfit of c form
- 5 Answers
- 7898 Views
- Infotech, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / dhaam
C-Form means which is buyer will provide to supplier, We
have to use APGSAT in AP, we sold meterial to out of AP
buyer, they need to provide C-FORM, if they provide C-FORM
Sales tax would be 4% if they will not provide C-Form We
have to collect tax 12.5%.
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / prashanth
If we purchase the material from out side the Andhra prdesh
states in that time buyer to be provide the c-form (Eg.cst2%
to be paid by us tax 2% on material price), otherwise we
have to pay the Local sales tax(VAT) (i.e: where we are
purchasing in that states local tax-VAT) (Eg.4% or14.5%in AP).
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / abhivirthi tax and industrial
The rate of tax in many States are above 5% and 14.5% for most of the commodities. If a dealer effects inter-State purchases of goods valued Rs.10000.00 without C Forms, the dealer has to pay local VAT rates as shown below:
5% 14.5%
Purchase value 10000 10000
Local VAT rate in the
absence of C Form to the
inter-State sales 500 1450
Total Sale value 10500 11450
If C Form produced for the purchases, only 2% of CST will be charged and the total purchase value will be Rs.10,200.00. In simple, instead of paying higher rate of tax the buying dealers can pay only 2% of CST and purchase goods from other States.
Reply from:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, PALAAMI ENCLAVE,
NEW NATHAM ROAD
MADURAI-625014.
CELL: 9994990599.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / niranjan sharma
Benifit of c form is deduction of tax over the product which
you sold out the supplier. and record of the bill of
material and quantity .
| Is This Answer Correct ? | 2 Yes | 2 No |
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
Who is liable for TDS ON CONTRACTORS 1% categories ?
Can anybody explain? what's consumeble items?
what is the rate of tds on interest payment and basic exemption limit for general insurance co.
Hello Durgaprasad Sir, iam received a farmat of credit availed and utilized from Excise and Service tax department, but i have no idia for filling this farmat. can you tell me detail about this or tell me where it available in internet.
What is LST Number
What is the Difference between VAT and Sales Tax ?
which type of expenses , we have dedected fbt
when an endorsed bill dishonored, for the endorsee, it become the laibility? 1)of the drawee 2)of the drawer 3)of the payee 4)of the indorser
what is the last date to submitted of TDS and VAT And after due date what is the fine to be payable.
On which amount is T.D.S Applicable on account of Payement to Adverting contractors for F.Y.2010-11
One bill of Rs.200000/- for Machinery hire issued by party, but total bill is reversed by me to party. In this matter what is the TDS Deduction entry I can made or not?
Audit 
