I know basics abt C form......But wil nybody explain How it use in practice.....means I wanna to purchase goods from another state.......what should I do regarding C Form
2 Replies
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 16 April 2012
CST & C Form is a subject of Interstate Purchase & Sales
if you want to about C Form then first you need to know about Central Sales Tax
basic about C Form, if you want to purchase or sales from other state for reducing tax you have to give or collect C form @ 2% CST including tax otherwise you have to pay or collect local tax whichever applicable to your product and state
for purchase against C form @ 2% or without @ 5% input tax credit is not eligible or in other words you can not take ITC of Interstate purchase
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 16 April 2012
CST & C Form is a subject of Interstate Purchase & Sales
if you want to about C Form then first you need to know about Central Sales Tax
basic about C Form, if you want to purchase or sales from other state for reducing tax you have to give or collect C form @ 2% CST including tax otherwise you have to pay or collect local tax whichever applicable to your product and state
for purchase against C form @ 2% or without @ 5% input tax credit is not eligible or in other words you can not take ITC of Interstate purchase
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