Wednesday, January 26, 2011

What is C Form ?

 What is C Form ?
C-FORM
 
C-Form is a certificate issued as proof of CST Purchase. This form can be obtained from sales tax dept. The seller has to obtained this form – C from the purchaser and show it to the sales tax dept to get tax exemption. In case if the purchaser does not release the Form – C the seller has to pay the Tax at the time of sales tax assessments.

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 my 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.

It will be safe for the seller if he can get a D.D. for the tax amount of the goods which is sold to the purchaser. Because sometime the purchaser fail to provide the form – C to the seller due to unknown reasons, at this time this D.D. which is collected will be off much helpful to the seller.
 

Note:- This is the table of Contents for C-Form and related tutorials. All tutorials below are unique in every manner. We share all tutorials and resources that are useful and avoid those that are un-professional. Each post below will be a new experience for you. We hope you may find the tutorials below easy to implement and useful.

6 comments:

  1. what if billing adress is within the state but material is dispatched out of the state? pls reply

    ReplyDelete
  2. what if billing address is within the state and goods dispatch out of state ?

    ReplyDelete
  3. Nice post.Accounting dubai and offshore company formation services in Dubai by leading audit firm in the region, Alnoman & Ravi Chartered Accountants based in Dubai

    ReplyDelete
  4. An accountant's marketing campaign must be driven by truth, honesty, and professionalism, which will enable a client to be more comfortable knowing that he or she is hiring an accountant who can be trusted.Contabilitate Iasi

    ReplyDelete

Copyright © 2015 accounting tally taxation tutorials All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger