Chartered acooutant in practice
575 Points
Joined September 2008
| Originally posted by :Prathmesh Gharia |
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Hi All,
Wat is C form and when it is to be used, on what kind of transaction?
Thanks in advance. |
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When Any one(must reg. under CST Act) purchased/Sales goods out of it's state,he can use C FORM for performing transaction. The Rate of Sales tax will Be @ 2%.
For a Example. A of Ajmer Purchases goods from B of Baroda. A send C FORM to B for Lower Sales tax.Now b Can collect only Two percent sales tax instead of 12.5 or 4%.
The C Formsare in Three copy. one copy is sent by purchaser to seller,other one is for salestax dep. nd lastone is for himself.