what do you c- form means

Answers were Sorted based on User's Feedback

what do you c- form means ..

Answer / guest

"c" form is the form issued by buyer to supplier the
purchase transaction is on CST based.when the purchase from
out of state. the purchase details by the buyer,CST OF 2%
local VAT Excluded.c-form issued by the commercial tax
officer.buyer not issue c-form he will be paid double rate
of tax. CST Value after year will be refund.

Is This Answer Correct ?    17 Yes 2 No

what do you c- form means ..

Answer / anil kumar prajapati

It means the issuer of the c form undertakes to pay the sales
tax. When you buy the goods outside your state you levied
sales tax at concessional rate and to get the credit the c
form is issued by the seller and you can adjust your overall
sales tax in the quarterly return.
c" form is the form issued by buyer to the supplier when
the purchase transaction is on 'CST' basis(purchased from
out of state). The form is issued by commercial tax office
on providing the 'CST' purchase details by the buyer.

Is This Answer Correct ?    3 Yes 2 No

what do you c- form means ..

Answer / srikant sahu

c from is issued by a byer who purchasesed goods for out of state,in case the purchaser collect c from the byer for tax saving.

Is This Answer Correct ?    0 Yes 0 No

what do you c- form means ..

Answer / naveen kumar.karumuri

C Form is used for the Interstate Sales/Purchases
For Ex.Supplier is the AP,Buyer is the Tamilnadu,in this case buyer to issue the C form against goods.
C form is useful for to save the Sales tax for Movement of Interstate sales.


Naveen Kumar.karumuri
Accounts Executive

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Audit Interview Questions

If the wording of a governing document of a non-company charity requires accounts to be audited, does this mean statutory audit?

1 Answers  

how two calculate capital a/c

2 Answers   TATA,

we want to know that the rate of TDS on contractor , rent, Professional and also know that what is the minimum amount for TDS on Contractor , Professional

4 Answers  

assume we have taken a assest on 20/02/2010,then can we charge depreciation for a whole finacial year?

5 Answers  

What is the motivation to join as an auditor @ Ernst and Young ?

0 Answers   Ernst Young,

What is a cheque

33 Answers   Bank Of America, College School Exams Tests,

what difference b/w capital structure and financial structure?

1 Answers  

company A is parental company of company B.if company A pays rent for company B to landlord,What will be the journal entry recorded in the books of company A and company B?

2 Answers   Cognizant,

Audit strategy based

0 Answers   TATA,

I have been recommended for the post of section officer commercial audit in exams held in 2009. I want to know procedure aftr getting recommnded Since I want to do a course in IFRS.

0 Answers   SSC,

who is the auditor and his deautis

0 Answers  

Why we are prepareing Bank Reconciliation Statements ?

10 Answers