Saroj Rout (CA FINAL) (120 Points)
11 December 2010Please specify the cases where one dealer can be liable to pay CST at his local rate in stead of paying 2% which is the CST rate.
One of our client is payning CST @ 5% to his supplier located at Korba ,whether he is liable to pay CST at 5% to the dealer even though he is not getting any input tax credit.
JAYANTA ROUTH
(SERVICE)
(31 Points)
Replied 11 December 2010
CST 2% is applicable only subject to issue of Form C. If your client in same state then no one can charge CST.
CST not to be considered as input tax credit, as this is an expenditure.
Some dealers are charging 5% as CST for following reasons :
a) The purchasing dealer is an unregistered party
b) The purchasing dealer can't issue Form C
SUBHASHINI
(Accounts Manager)
(72 Points)
Replied 11 December 2010
could u pls tell me for which state CST 5% charging?
in Tamilnadu 4% of cst is charged when there is no issue of c form
or any changes or amendments issued for 5% instead of 4% in Tamilnadu?
thanks in advance
Saroj Rout
(CA FINAL)
(120 Points)
Replied 11 December 2010
The dealer charging 5% is from chhatisgarh
the buyer's state orissa and the buyer is a registered dealer and not issuing C FORM.
shivani
(consultant)
(122 Points)
Replied 11 December 2010
Dear All
Plz any body advise can we issue Two C forms in a quarter for a single customer (by mistake c form issued partially , leaving two bills left out of ten bills)
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 11 December 2010
| Originally posted by : shivanand | ||
 |
Dear All Plz any body advise can we issue Two C forms in a quarter for a single customer (by mistake c form issued partially , leaving two bills left out of ten bills) |
 |
call back the original C form issued and add two bills again, endorse the same with authorized signatures.
JAYANTA ROUTH
(SERVICE)
(31 Points)
Replied 13 December 2010
you have to collect fresh form from Department, c forms are come with Series - every series have value. for example
c form no. a-123456 can be issued upto bill amount rs. 10000
c form no. b-123456 can be issued upto bill amount from 10001 to 20000
premchandra sah
(accuontant)
(21 Points)
Replied 03 July 2012
Dear All
plz any one advice me about cst rate without c form on electricals goods in Chhattishgarh.
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 04 July 2012
CAclubindia
