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50 Points
Joined October 2012
C-Form means CST Form
i will explain with the example
suppose a purchaser from maharashtra purchases goods from any state in india excluding maharashtra. Afterwards he(purchaser) applies for C-form in his state for tax rebate & after applying he gives the counterfolio of its to the concerned supplier.
suppose if he buys machinery parts from gujarat including Vat of 12.5%, after applying for C-form he(purchaser) will pay 2% of tax amount the remaining is rebate to him.
THIS IS APPLIED TO WHOM WHO HOLD VALID CST/VAT NO. ACROSS INDIA.