Easy Office

Articles by CA Anil Garg

avatarView Full Profile

C form must be abolished immediately

  CA Anil Garg    30 August 2010 at 11:57

Under the Central Sales Tax law, C form is required to avail concessional rate of tax. Till recently, full rate of tax was 10% and concessional rate was 4%. Today, the full rate is 4% and concessional rate is 2%. For most business transactions, co