How do i benefit from c form
This query is : Resolved
02 November 2014
Hello,
What are the benefits of c form if I want to purchase goods from other state. what does the jargon '2 percent against the c form means'? If I purchase goods worth rupees 1 lac n vat is 12.5% n I provide c form then what is the final amount that I have to pay to the other state supplier?
Thanks in Advance,
Vaibhav
02 November 2014
2% AGAINST C FORM MEANS CST TAX TO PAY 2% ON THE VALUE OF GOODS AS PER BILL
BILL VALUE RS 100000 PLUS CST 2% TOTAL TO PAY RS 102000/-
FRIGHT CHARGES EXTRA
BILL VALUE RS 100000 PLUS CST 2% TOTAL TO PAY RS 102000/-
FRIGHT CHARGES EXTRA
02 November 2014
2% AGAINST C FORM MEANS CST TAX TO PAY 2% ON THE VALUE OF GOODS AS PER BILL
BILL VALUE RS 100000 PLUS CST 2% TOTAL TO PAY RS 102000/-
FRIGHT CHARGES EXTRA
BILL VALUE RS 100000 PLUS CST 2% TOTAL TO PAY RS 102000/-
FRIGHT CHARGES EXTRA
02 November 2014
Please note that there are some restriction on purchases against 'C' form.The goods purchased should be 1)for resale,2)raw materials for manufacturing,3) packing materials and 4)machinery for manufacturing,which are listed in the CST registration certificate....mjk
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
