30 June 2011
Ideal time for the issue and collection of C forms for a quarter shall be before the end of the subsequent quarter by when the C forms have to be submitted to the tax department.
30 June 2011
There is no time limit for collection of C form. Generally the act provides that the sales against C form shall be charged CST at reduced rate but no trader gives the C form in time. The C forms are required to be submitted before the assessment of the dealer so by the time of assessment is completed the C forms should be collected.