hi, our company do business in india, and I am a accoutant. I saw the rate of CST on one of our sale bills is 10%, I think if the customer give us " C form" ,the rate of CST will be 3% or 2% ,according to the invoice date. But someone told me sometimes the customer can not give us the "C form" . For example , if we bought goods from Bombay, we sell these goods to the company located in Delhi,and our company registered in U.P. ,so that customer can't give us " C form", because this business involved three states , so no " C form" . is that truth? please help me , thinks!
Menu
about "C form"
Replies (4)
no its not true u have to give c forms and u will receive from the seller (he will take it from the nearsest excise and taxation department) then u will avail deduction form the tax
thanks. sometimes , when we make agreement with customers , the value of agreement included all the tax , so we have to pay the value of tax displayed on the sales bill to the government .For example , if we issue a sale bill to customer without taking form c from customer, the rate of tax will be 10%, our company have to pay the tax claimed on the sale bill. if the customer give us form c , the rate of tax will be 3%, so our company can pay little tax , it can save us more money. is that true?
No, u have to pay tax according to your sale bill receipt,
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
