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Query about c form

Nikita (Student CA Final ) (226 Points)

06 December 2013

I want to know that if party registered in Delhi purchased goods from other state's registered dealer at CST @ 1%

and now that selling party is demanding C form.

Are we bound to give C form to that party?

Thanks in advance.

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30 Replies

GAUTAM SHARMA (Audit Assistant) (353 Points)
Replied 06 December 2013

Yes as per CST Act and rules you are bound to supply the c form, but not at the satge of sale.It may be provided at anytime, provided the same is produced to commisiner by selling party when he demands.

umesh tiwari (manager accounts) (37 Points)
Replied 06 December 2013

Yes .you have to give c form to party or you have to pay diffential of tax amount with interest to selling party.

Juzer (ARTICLE ) (36 Points)
Replied 06 December 2013

Yup u r bound to giv c form.

manikandan.J (Accounts Manager) (363 Points)
Replied 06 December 2013

There is no chance in CST @ 1% check with concern person. Since all states following at 2% against c form.

Bajrang Goyal (DIRECTOR) (22 Points)
Replied 06 December 2013

Yes as per my practical experience you need to send c form to seller party not only for seeing it to commissioner but some time to verify the good in flying check post

ramasubramaniansrinivasan (MANAGER FINANCE&ACCOUNTS ) (21 Points)
Replied 06 December 2013

yes few states charge CST @ 1%and few @ 0% and some at 2

Yogesh Goel (Chartered Accountant) (192 Points)
Replied 06 December 2013

Yes surely.. you are bound. Other you will have to pay difference in vat% leviable and cst% levied on the invoice..

RANGANATH SHENOY (CHARTERED ACCOUNTANT) (29 Points)
Replied 06 December 2013

Please check if the goods you have purchased are mentioned In your cst registration certificate.C forms can be issued only for such goods

NITIN SHARMA (DIRECTOR) (904 Points)
Replied 06 December 2013

If you want to take benefit lower tax rate then you are bound to give form c otherwise you have to pay the vat at the rate prevailing in the state.

Kishor Raichura (Tax Consultant) (26 Points)
Replied 06 December 2013

Online apply for C Form,

Ghanshyam (Articled Assistant) (41 Points)
Replied 06 December 2013

Yes u r required to issue c form to party

pallavi (student) (25 Points)
Replied 07 December 2013

I think c forms are to be issued at 2percent..check again please

ravi jain (now i m ca in one yr) (22 Points)
Replied 07 December 2013

Yes c form is required to issue for the party...

MD. YOUSUF (Service) (56 Points)
Replied 07 December 2013

The seller needs to furnish C form within three months of the end of quarter in which sale transaction took place to his AO - RULE 12(7) of R&T Rules'57