C form

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 am purchasing packing materials from tamilnadu and am selling it in puducherry.They are putting 5% VAT in the bill.Shall i ask them to put 2% agst CST ???
Is there any issue in that for the supplier???

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 sorry,,Not selling but used to pack goods sold.

Deepti Asawa

Deepti Asawa (Expert)
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25 June 2014 yes, you can issue 'C' form to supplier and paid 2% cst for packing material.

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Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 Am wrking as an accountant in a jewellery (Tamilnadu),we have a corporate customer from Karnataka and their requirement is 1kg of gold coin.Can i invoice as VAT 1% or CST 2% ???
What is the difference of both ?

Deepti Asawa

Deepti Asawa (Expert)
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25 June 2014 Sale with C-form, rate of CST or Vat rate for that good of seller's state, which ever is less will be applicable .
So that in both case rate 1% applicable.( cst 1% for with 'C'form sale and CST 1% for without 'C' form sale )
but it is better to collect 'C' form.

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 y it is better to issue cst 1% and collect c form ???
Bcoz both VAT & CST in this case is 1% right?

Deepti Asawa

Deepti Asawa (Expert)
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25 June 2014 it is my mistake.
no need to issue c form

Guest

Guest (Expert)

26 June 2014 no need to isse c form as the vat rate and cst rates are same.. better to purchase on vat

c form is issued for concessional vat rates only

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Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2014 thanks for your advice.....

Vishnu Saboo

Vishnu Saboo (Expert)
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30 June 2014 if packing material is being sold in interstate sale, how supplier can charge VAT?
he must charge CST only.

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2014 Hi,
if i have purchased an item on 31 jan 2014 and accounted on 07 feb 2014,on which month should i issue C-FORM.I have already filled my return on jan before receiving the item.
Should i revise my return and include this bill also.

Vishnu Saboo

Vishnu Saboo (Expert)
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22 August 2014 you can fill the date of purchases of Feb-14.

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