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C form

Kuldeep (B.Com) (27 Points)

11 October 2012

Hello,

I purchased some raw materials from my x party and they already charged cst on that bill.

So is it neccassary to issue the C form that party.

Please help!

Kuldeep Thakur

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14 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 11 October 2012

if CST is charged @ 2% then C form is required,

if CST charged at full rate of VAT, then no t required,

in your bill its mentioned that you have to provide C form or not.

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 11 October 2012

c form is necassary to levy CST at reduced rate of 2% otherwise it will be charged at maximum rate

ANJALI NEGI (Chartered Accountant) (1263 Points)
Replied 11 October 2012

Form "C" will be issued on the Total Amount of Purchases 
with Bifurcation of Invoice Amount, Supplier Name, Inv.No. 
and Dt. of Invoice.

It ensure that the materials supplied / sold through c form 
sales to reduce the Tax component on invoice as per the 
provions of act.

KARANDEEP,CA,B.Com,CS FNL (JOB) (457 Points)
Replied 11 October 2012

Originally posted by : U S Sharma
	if CST is charged @ 2% then C form is required, if CST charged at full rate of VAT, then no t required, in your bill its mentioned that you have to provide C form or not.

Agreed .

Kalpen Shah (Finance Executive) (23 Points)
Replied 11 October 2012

I totally agree with karandeep.

Raghavendra B. kuber (Accounts Executive) (88 Points)
Replied 11 October 2012

CON ANY ONE INFORM ME WHAT IS C -FORM , H-FORM

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 11 October 2012

Originally posted by : raghavendra kuber
	CON ANY ONE INFORM ME WHAT IS C -FORM , H-FORM

both forms are issued in relation to interstate sales, for concessional rate of CST?NIL CST

C form = issued by purchasing dealer to seller, for goods purchased at concessional rate of CST ( 2% CST in place of %% or 15%)

H form= Issued by purchasing dealer ( exporter) for goods purchased at NIL rate of CST, for onwards export outside india.

CA Sanjay Bag (CHARTERED ACCOUNTANT) (3340 Points)
Replied 12 October 2012

Originally posted by : U S Sharma
	Originally posted by : raghavendra kuber CON ANY ONE INFORM ME WHAT IS C -FORM , H-FORM both forms are issued in relation to interstate sales, for concessional rate of CST?NIL CST C form = issued by purchasing dealer to seller, for goods purchased at concessional rate of CST ( 2% CST in place of %% or 15%) H form= Issued by purchasing dealer ( exporter) for goods purchased at NIL rate of CST, for onwards export outside india.

Fully Agreed

Sonu Kumar (Account Manager) (665 Points)
Replied 12 October 2012

If CST Have been charged @ 2% on bill it means not that bill is aganst C form, If a bill is Issued against C form then it must be written on Bill or PO.

Manoj Chawla (ACCOUNTANT) (128 Points)
Replied 12 October 2012

i aggred with Mr.U.S. Sharma for diffrence between Form "C" & "H"

Kalpen Shah (Finance Executive) (23 Points)
Replied 12 October 2012

C Form is a Form issued by the sales tax department to the registered sales tax payer. If he buys any good from another registered sales tax payer and issues a c form to him. Than that other sales tax payer will not charge sales tax from him and sales tax will be collected and deposited by the c form issuer and deposited in the treasury of the govt. The other sales payer will deposit the c form to the govt. treasury. It means the issuer of the c form undertakes to pay the sales tax.