what is vat?
what is excise?
what is form c & d in sales tax?
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Answer Posted / kathiravan
Form C is issued by the dealer for purchasing goods from
the dealer out side the state in which he resides the
effect can be understood ny looking at following example
IF Mr A Registered Dealer in Hyderabad (AP) wants to
purchase goods from Mr B a registered dealer in Mumbai.Mr
B who is selling the goods will charge VAT @ 4% or 12.5% on
the goods if Mr A issues him "C" Form then Mr B should
Charge him CST @ 2% so Mr A is SAving Tax.
Form D serves the same purpose but it has to be issued by
government
| Is This Answer Correct ? | 56 Yes | 53 No |
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