SREEDAR (Accounts Officer ) (24 Points)

05 June 2009  

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.