when sales made in 2% cst against c-form, the buyer issue
the c form to the seller, what the seller made on these c
form , how can the seller benefited by the c form?
Answer Posted / abhivirthi tax and industrial
The dealer purchased goods at the concessional rate of 2% is eligible to issue Form C only for the goods mentioned in his Certificate of Registration in Form B. The goods not included in the Certificate of registration in Form B, is not eligible to issue Form C and the same has to be assessed at the local VAT rates.
The C Form contains Name and address of the selling dealer and purchasing dealer with CST numbers and bill No. and date etc., The Form C contains original, Duplicate and Counter Foil. The Counter Foil of the Form C to be retained by the dealer who effected inter-State purchases of goods at concessional rate and Original and Duplicate to be furnished to the Selling dealer who effected inter-State sales. The Selling dealer who received Original and Duplicate, should present the Original to the Assessing Authority and retain the Duplicate with him for record. Single Form C can cover transactions of sales made in between same two dealers during the period of one quarter of a financial year.
Reply from:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, PALAAMI ENCLAVE
NEW NATHAM ROAD
MADURAI-625014
CELL: 9994990599.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
vat return dates for uttrakhand
What is the value of the Budget for 2009-10
What is the SEZ formalties in cement Industry?
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
Excise duty applicable for Handmade Production?
what was the VAT rate on inverters(home ups) in karnataka on 2016??
is there in india the rate of work contract are same in all states if now what are the statewise rate
IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE
interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.
How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.
what do you mean by cenvat? and in which is liable?
can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
how to calculate and submit to the concerned authority of pf,esi,pt. explaine?