what is the exact meaning of cst? what is its usage and
what are the benefits of c form?

Answer Posted / yash

CST = Central Sales Tax
If customer issues the C-Form then 2% CST is applicable
otherwise full tax is applicable. that means it saves tax.
After delivery of material we have to collect the C-Form
from the party otherwise it is a liability during sales tax
assessment.

Is This Answer Correct ?    249 Yes 26 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

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?

2044


can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.

2030


How do I get a C form with the bank Guarantee?

1264


how to caluclate the central exicse duty? how to implemting in to tally ERP9?

1604


DEFINATION OF CONTRACT ACT IN PARTNER SHIP FIRM AND COMPANY?

1825






sub hadding no. scrap & Wastage in corrugated box

1742


My client has not filled income tax return for ay-2013-14

1181


The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.

1759


define double entry bookkeeping

1819


Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

2996


how we calculate the tds on salary.

1667


WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?

1580


F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

1577


I MR A REGISTER DEALER IN MUMBAI [MAHARASHTRA], I WANT TO PURCHASE GOODS FROM BANGLORE AND DIRECTRY SALE TO HYDRABAND. IN THIS CASE WHO TO MAKE / PREPARE MY SALES BILL IN MUMBAI AND WHICH SALES TAX FORM I WHAT TO ISSUED.

1553


how much tds deducate on hotel party arrange by company

1520