'C' Form

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Manasa Ranjan Samal (Querist)
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09 July 2010 Dear Sir,
I want to know that a company has charged 2% against Form 'C' in a bill to his buyer . Suppose the buying company did not give 'C' Form. Whether the selling company will charge balance 2% or total 4% of the Taxable goods.Then the procedure how to charge the tax to the selling company?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 July 2010 If the buyer is not giving C form seller has to right to charge local vat rate for that goods. that also balance only .as your query actul vat is 4 % he can charge only the balance 2 %. for one sales he cannot charge both CST & VAT together