C form

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This query is : Resolved

ajay (Querist)

23 August 2011 When we have to submit C Form
And withwhich time form c should be submitted?
Is there any penalty for late submission of C Form ?
Pls Explain full concept of C Form..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

23 August 2011 C form is the form which issued by Register dealer under CST act to avail the concessional rate of tax @ 2% presently.. if dealer not in position to issue C form on purchase then need to pay local vat rate as CST

C form can be issued by a dealer for materials mentioned in the CST registration certificate only

presently C form online generation, you need to submit the details in your local vat website online and you can get the C form Quarterly basis

In case you fail to submit the C form you need to pay the different of taxes with applicable interest

Guest

Guest (Expert)

23 August 2011 Pls find below link which will solve C form queries :
https://www.caclubindia.com/articles/some-issues-pertaining-to-c-forms-under-cst-act-1956-6935.asp

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