Difference btw cst and vat

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Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2014 Sir

What is the difference btw CST and VAT and where are they applicable?

Thanks and Regards

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 November 2014 Cst applies to interstate sales whereas vat applies to intrastate sales...

Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2014 What is the use of C form in CST?
And where can I get details regarding sales tax forms like form 38 form 39 and others applicable in various states?

Thanks

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CA. S.K. Upadhyay

CA. S.K. Upadhyay (Expert)
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13 November 2014 the mainly use of C form is to reduce cst. if a party not give the form c then the local sale tax applicable on the sale

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 November 2014 C Form is used in inter state transactions. It is used to purchase goods at a concessional rate of tax (2%). Only a registered dealer can issue C Form.

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2014 In case of hardware items tax applicable is 5%. If the buyer gives me C form, what would be the situation then?