what do you mean by C form , meaning and example
Answer Posted / praful charde
C form is the term used for the exemption in the sales taxe when the procurement is done between two different states. In a simple way,it acts like a concession form to reduce the state sales tax.e.g. If buyer "A" is from Maharashtra procuring from seller "B" from any other state , then he will issue a C form to the seller in three copies as original, duplicate & counter foil ( receipt copy), with this buyer bears only 2% tax for this procurement. Seller will submit this C form to the tax assessing authority and avail the exemption benefit.
If C form is not being issued then buyer has to bear full tax for the procurement i.e 14.50%
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
send me all current year taxation such that rates and exemptions or on which web site i have to prefer
What is c.s.t slab on furniture & fixture ?
WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS
what is the scope of business taxation in private company?
Define deferred tax liability? What items come under deferred tax liability?
why VAT not charged in deemed sales bill.
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
what is tax avoiding?
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change
THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?
wht do you mean by copmosition of tax
HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,