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.
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