English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

2007-03-14 07:03:08 · 3 answers · asked by vijay s 1 in Business & Finance Taxes India

3 answers

Yes, You require to collect C Form from your party at the end of Quarter. The purpose is you can charge 4 % Sales Tax if you take C form, else 10 % has to be charged.

2007-03-14 17:47:57 · answer #1 · answered by devangdani 3 · 0 0

Since this is interstate sales i.e sales transaction taking place between trader of one state to trader of another state it is covered by Central Sales Tax Act and therefore form 'C' is required to be attached with the challans, bills etc. but if this is a transfer of goods from one branch to other branch then in place of form C it is to be accompanied by form D or if it is resale in between then E-I or E-II as the case may be. When form no C is to be attached dealer of receiving state is to pay 4% of CST (now 3% in the 2007 budget) if he is a registered dealer but if he is an unregistered dealer then he has to pay 10% as CST, otherwise for other transactions no CST is to be paid

2007-03-15 01:49:30 · answer #2 · answered by ssunderagarwal 4 · 0 0

Yes you need the form C. However, if it is not a sale and just friendly or self transfer, Form 32 is needed

2007-03-15 01:49:11 · answer #3 · answered by stambh 1 · 0 0

fedest.com, questions and answers