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
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
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
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
CAclubindia
