C form

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Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 am purchasing packing materials from tamilnadu and am selling it in puducherry.They are putting 5% VAT in the bill.Shall i ask them to put 2% agst CST ???
Is there any issue in that for the supplier???

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 sorry,,Not selling but used to pack goods sold.

Deepti Asawa

Deepti Asawa (Expert)

25 June 2014 yes, you can issue 'C' form to supplier and paid 2% cst for packing material.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 Am wrking as an accountant in a jewellery (Tamilnadu),we have a corporate customer from Karnataka and their requirement is 1kg of gold coin.Can i invoice as VAT 1% or CST 2% ???
What is the difference of both ?

Deepti Asawa

Deepti Asawa (Expert)

25 June 2014 Sale with C-form, rate of CST or Vat rate for that good of seller's state, which ever is less will be applicable .
So that in both case rate 1% applicable.( cst 1% for with 'C'form sale and CST 1% for without 'C' form sale )
but it is better to collect 'C' form.

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2014 y it is better to issue cst 1% and collect c form ???
Bcoz both VAT & CST in this case is 1% right?

Deepti Asawa

Deepti Asawa (Expert)

25 June 2014 it is my mistake.
no need to issue c form

Guest

Guest (Expert)

26 June 2014 no need to isse c form as the vat rate and cst rates are same.. better to purchase on vat

c form is issued for concessional vat rates only

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2014 thanks for your advice.....

Vishnu Saboo

Vishnu Saboo (Expert)

30 June 2014 if packing material is being sold in interstate sale, how supplier can charge VAT?
he must charge CST only.

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2014 Hi,
if i have purchased an item on 31 jan 2014 and accounted on 07 feb 2014,on which month should i issue C-FORM.I have already filled my return on jan before receiving the item.
Should i revise my return and include this bill also.

Vishnu Saboo

Vishnu Saboo (Expert)

22 August 2014 you can fill the date of purchases of Feb-14.

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