Hi,
want to know how to get benefit from form C.
Purchase from within UP form 38 and form c are required or not for reselling purpose.
8 Replies
Rashid Imam
(Officer (Indirect taxation))
(296 Points)
Replied 05 April 2012
C Form only required when you purchase good from outside of your state (Interstate) in lower rate of CST @ 2%, if u will puchase anything within the state or outside of state with full rate of CST, 'C' Form not required.
shibu
(Accountant)
(345 Points)
Replied 05 April 2012
| Originally posted by : Rashid Imam | ||
 |
C Form only required when you purchase good from outside of your state (Interstate) in lower rate of CST @ 2%, if u will puchase anything within the state or outside of state with full rate of CST, 'C' Form not required. |
 |
by paying local tax . Only a dealer can issue or receive Form C
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 05 April 2012
If you buy within the state, you have to buy under State VAT rate. If you buy from outside the state for your manufacturing purpose of re-selling , you have to buy under Form C @ 2% CST. The products you are buying from outside the state should mention in your Registration Certificate. The Products not covered under registration Certificate, can't buy under C Form
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 06 April 2012
If you buy within the state, you have to buy under State VAT rate. If you buy from outside the state for your manufacturing purpose of re-selling , you have to buy under Form C @ 2% CST. The products you are buying from outside the state should mention in your Registration Certificate. The Products not covered under registration Certificate, can't buy under C Form
Agree....as above said....
Mukesh Babu
(IPCC Student)
(236 Points)
Replied 07 April 2012
The benefit of "Form C" is the rate of Sales Tax is at the Consessional Rate of 2% or the Local Rate Whichever is Lower When Purchase from Outside State
Dwivedi
(abc)
(27 Points)
Replied 02 May 2012
We are planning to buy visicooler from out of delhi , as we are dealig in lequor trading in delhi under vat registration , can we get form "C" benefit as we buy visicooler for company assets itself .
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 02 May 2012
If you are only a dealer under VAT/CST registration, you can buy only those goods for re-selling under C Form. Manufacturer can buy Raw Material , Packing Material, Machinery and Parts thereof and fuel under C Form.
Nipun Kasliwal
(CA Article)
(23 Points)
Replied 01 September 2016
If the rate on Inter state purchase of goods is less than 2%, then still i will be requiring to issue C Form?
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
