C form

This query is : Resolved

VIMAL KUMAR (Querist)
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09 April 2012 Sir,

we have manufactured a plant, for this we have purchase tmt from interstate party, Sir, i want to know we can purchase steel from that party agst. c form (agst. cst rate 2%) is this possible.

Vimal kumar
09357694511

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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09 April 2012 Yes you can purchase anything from other state, the only thing is that you wil not get Setoff of CST on that amount.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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09 April 2012 yes, agreed with expert

purchase by C Form form other state is fruitful because CST can not avail as input tax credit so its better to buy with less tax

otherwise CST 5% or local tax 5%,15% will be applicable

and extra tax will not give you any benefits

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