Reg c form

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 Dear Sir,

As we made central sale to puna but we ship gujrat same customer so where should we receive the form "C" , from shipping address or bill address.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

24 July 2013 1. The concept of C form is very simple. When Goods are moving from one state to another state, CST comes into play. Generally Goods move from one state to another state, generally they are either of Resale and/or for use in manufacturing of Goods. 2. When such goods are purchased either for resale and /or for use in manufacture, State Government collects the tax when goods are resold or when manufacturing goods are ultimetaly sold. Thus Govt gets that tax on final selling price. 3. In such case when goods are moved from one state to another if full tax is paid by purchaser to Seller, then there will price rise, as purchaser is not entitled for SETOFF of CST paid on purchases. 4. To avoid this double taxation C Form plays importnat part. When one Registered Delar purchase goods from another registered Dealer, they can use C form , and then selling dealer will charge CST at reduced rate ( Section 8(2) of CST ACt

Read more at:

https://www.vatconcept.com/docsvat/ChoiceArticle/Article7.aspx

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 thanks Sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!