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C form

sanju (Accountant) (348 Points)

29 November 2012

Dear Freinds,

can any body please educate me on C Form? What is C form?

please answere me friends

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3 Replies

Nitesh (article) (50 Points)
Replied 29 November 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.

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DEEPAK ROHERA (Senior Accountant) (285 Points)
Replied 30 November 2012

C form is use in interstate sale where central sales tax is applicable as per central sale tax if you any register dealer made sale against "C" form he paid 2% Central Sales Tax otherwise he paid 4% sales tax but its applicable when the purchaser is also a registered dealer and purchaser send them "C" form. against the sale made by them ."C" is applicable of one quater transtion when purchaser and seller is same

Mukesh Babu (IPCC Student) (236 Points)
Replied 01 December 2012

C Form is Declaration form to be given on inter state purchase. If we issue C form we can avail the CST of 2% or local rate whichever is lower. It should be given only on purchase from other state