what is the exact meaning of cst? what is its usage and
what are the benefits of c form?
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Answer Posted / jijo wilson
Meaning if CST is Central Sales Tax ,Tax given to Central
govt.C form is the form issued by the purchaser to seller
in the event if inter state transfer of goods.Purchaser has
to apply for that form from the sales tax dept showing the
details of transaction done with a party during a quarter.
Benefit of c form is that i is the certificate showing that
the purchase done in a concessional rate of tax than the
normal rate of tax on the goods.For example if A in
Maharashtra purchase goods from B in Gujarat on which 12.5%
tax is applicable,A has to pay full tax on that material
ie.12.5% if A is not issuing C-form to B and if A give C-
form A will get goods in a concessional rate,now it is 2%
and depends on the material and Place(ie uninon
territories).B has to produce this C form to the dept while
the time of assessment.
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