Hi All,
Wat is C form and when it is to be used, on what kind of transaction?
Thanks in advance.
5 Replies
PiyushAgrawal
(Chartered acooutant in practice)
(575 Points)
Replied 29 January 2009
| Originally posted by :Prathmesh Gharia | ||
| " | Hi All, Wat is C form and when it is to be used, on what kind of transaction? Thanks in advance. |
" |
When Any one(must reg. under CST Act) purchased/Sales goods out of it's state,he can use C FORM for performing transaction. The Rate of Sales tax will Be @ 2%.
For a Example. A of Ajmer Purchases goods from B of Baroda. A send C FORM to B for Lower Sales tax.Now b Can collect only Two percent sales tax instead of 12.5 or 4%.
The C Formsare in Three copy. one copy is sent by purchaser to seller,other one is for salestax dep. nd lastone is for himself.
krishna iyer
(Sr.Finance Manager)
(197 Points)
Replied 02 February 2009
reg C form, please ensure that the goods are covered in the registration certificate of the purchasing dealer.
Form F is to be issued by the receiver of the goods in stock transfer ie.Branch transfer
CA. RAVIKUMAR
(Chartered accountant)
(1589 Points)
Replied 03 February 2009
see C Form is issued for resale of an goods not for further prossing
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