C-form

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This query is : Resolved

Sarthak Mishra (Querist)

07 August 2014 SIR I HAVE AN INVOICE IN MY HAND AND IN THAT SALES IS MADE AGANIST "C FORM" AND AS PER MY KNOWLEDGE WHEN 'C FORM" IS ISSUED AT THAT TIME LOCAL VAT RATE IS APPLICABLE STILL IN INVOICE CST @ 2% IS LEVIED.
SO PLZ GIVE ME CLEARIFICATION ABOUT THIS CONCEPT.

CA CHIRAG DOSHI

CA CHIRAG DOSHI (Expert)

10 August 2014 When you sale against C form then rate will be concessional rate of 2% depending on state to state, you have to collect C form from purchasing dealer of that particular state, if in futures fail to give c form to you then you have to pay difference tax @ 3%
U/s 6(2) of M CST act

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Sarthak Mishra

Sarthak Mishra (Querist)

11 August 2014 SIR I'M AN AUDIT OF FIRM IN WHICH THERE IS ONE INVOICE AGAINST C-FORM AND SO THERE IS NO VAT AND OTHER RATE TAX APPLICABLE AS TOLD BY ACCOUNTANT SO WHETHER SHOULD I RAISE QUERY OR NOT AND GOODS WERE PURCHASED FROM MAHARASTRA.

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