02 November 2014
Hello,
What are the benefits of c form if I want to purchase goods from other state. what does the jargon '2 percent against the c form means'? If I purchase goods worth rupees 1 lac n vat is 12.5% n I provide c form then what is the final amount that I have to pay to the other state supplier?
Thanks in Advance,
Vaibhav
02 November 2014
2% AGAINST C FORM MEANS CST TAX TO PAY 2% ON THE VALUE OF GOODS AS PER BILL BILL VALUE RS 100000 PLUS CST 2% TOTAL TO PAY RS 102000/- FRIGHT CHARGES EXTRA
02 November 2014
2% AGAINST C FORM MEANS CST TAX TO PAY 2% ON THE VALUE OF GOODS AS PER BILL BILL VALUE RS 100000 PLUS CST 2% TOTAL TO PAY RS 102000/- FRIGHT CHARGES EXTRA
02 November 2014
Please note that there are some restriction on purchases against 'C' form.The goods purchased should be 1)for resale,2)raw materials for manufacturing,3) packing materials and 4)machinery for manufacturing,which are listed in the CST registration certificate....mjk
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