C form
This query is : Resolved
SANJAY LULLA
(Querist)
31 March 2016
If i buy goods from other state in c- form
Please answer me some doubts
How much tax i have to pay
On base rate of goods.
Weather i have to pay excise + vat on x factory price
Or i have to pay only c form 2% on x factory price
Please reply
Please answer me some doubts
How much tax i have to pay
On base rate of goods.
Weather i have to pay excise + vat on x factory price
Or i have to pay only c form 2% on x factory price
Please reply
CA Tejas Mistry
(Expert)
31 March 2016
You have to pay Excise duty as applicable and Instead of VAT charge CST @ 2% on (Factory Price + Excise Duty)
SANJAY LULLA
(Querist)
31 March 2016
Thanks mr.tejas mistry
And other query is if we sell the goods by c form
And we have purchased raw material in vat 4% than how can we sell it in 2%
And other query is if we sell the goods by c form
And we have purchased raw material in vat 4% than how can we sell it in 2%
Amol S Joglekar
(Expert)
31 March 2016
if you sell goods against C form means it is inter state trade....CST becomes applicable. Now what is the question?
CA Tejas Mistry
(Expert)
31 March 2016
This depends upon the provision of the state to which you belong generally all states has reduction in input credit policy
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