Cst rate in c form
This query is : Resolved
27 February 2013
I work at Jewellery Industry.
In jewellery Vat rate is 1%.
If I sell outside Maharashtra against C Form, & I dont get C Form, is there any differential tax liability at the time of business audit ???
As per my knowledge, rate charged is even below 2% which is supposed to be charged in case of C Form in other industries.
So there is no need of C Form where Local rate itself is below 2%.
Kindly clear ???
In jewellery Vat rate is 1%.
If I sell outside Maharashtra against C Form, & I dont get C Form, is there any differential tax liability at the time of business audit ???
As per my knowledge, rate charged is even below 2% which is supposed to be charged in case of C Form in other industries.
So there is no need of C Form where Local rate itself is below 2%.
Kindly clear ???
02 March 2013
Mr.arvind. Your understanding is right. Since local rate is less than the CST with C forms rates, you may not require to obtain and furnish C forms
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