When C form issued. Whether it is issued only for purchase or sales and at what percentage on which value. Whether it is 2% on basic value of purchase or sales. whether the purchaser or seller has to issue c form, if not issued, whether he has to pay tax fully to the government? if so, how much percentage? Can anyone explain for this please? Thanks.
Menu
C-form
Replies (1)
C Form is issued for all interstate purchases for the items covered in your certificate of registration for the full value of the bill and in case of your sales through C Form you have to collect C Form from the purchaser .The rate is as applicable is 2% as of now
Recent Topics :
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
Related Topics :
CAclubindia
