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C form is a form supplied by a registered dealer (purchaser having CST registration) to a registered seller in case of an inter-state sale. 2. When C form is issued by a registered dealer, CST is chargeable at a concessional rate of 2%. 3. In the absence of C Form, CST is leviable at a rate applicable in the seller's state.
What is C Form? And what are its implications in current scenario? Provision of C Forms is in Central Sales Tax Act,1956. As the name suggest it is to be controlled by Central Government as all revenue goes to Central Govt. But in reality it is controlled by individual states and creating a lot of problem.
Levy of Penalty for non submission of C form: First of all it should be noted that availing of concessional rate of CST depends upon filing of the C form. Section 8 (4) of CST Act which provides for furnishing of C form for concessional rate of CST, runs as under: Section 8 (4): “The provisions of sub section (1) shall not apply to any sale ...
Rules show that even when the "Original" C Form is lost the Assessing Authority, on the basis of indemnity bond may proceed with the assessment for giving the benefit of exemption under Sub-section 4 of the Section 8 of the Central Sales Tax Act, 1956. When to submit the C form with the authorities by the selling Dealer.
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CA Ratan kandare (Expert) Follow. 12 August 2010 Dear sir, following are the procedure to be followed by a suppplier if he lost the C form issued by the purchaser. 1- Intimate your sales tax office for the lost of C form. 2- intimet your purchaser and give the following document for issueing Duplicate C form.
18 July 2024 To verify the validity of a 'C' form issued in Delhi, you can follow these steps: 1. **Check Details**: Ensure you have the complete details of the 'C' form, including the serial number and the account number mentioned on the form. 2. **Visit Government Website**: Go to the official website of the Sales Tax Department or Commercial ...
What is C form: As per section 8 (1) (b) of CST Act 1956 sales tax on interstate sales is 2% or state rate whichever is lower, if the sale is to a registered dealer and goods are covered in the registration certificate of the purchasing dealer. Otherwise the tax applicable is the state rate applicable on the goods sold.
Replied 28 January 2012. Hi anjali you should include excise duty while issuing form C, Form c is issued at the amount on which cst is calculated. suppose if the basic value is rs 100 excise duty 10 rs cst 2 rs than you need to issue c for m on 110 rs only. vaibhav (student) (253 Points) Replied 28 January 2012.
A seller has not received the 'C FORM' from his buyer since 2 yrs. He had earlier made a sale at concessional rate @ 2%. If the sale were not made against 'C FORM' then the same goods would have suffered tax @ 4%. Now, notice is sent by sales tax dept asking for payment of difference of tax amount. Also buyer is of no intention to give that C ...
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