Dear experts,
Please clerify me what amount should be on C form. Is it gross value of Invoice or only taxable amount. As it is great confusing matter please inform me with reference of act and rules of CST.
Asish Kumar Nath (Accountant) 23 March 2013
Dear experts,
Please clerify me what amount should be on C form. Is it gross value of Invoice or only taxable amount. As it is great confusing matter please inform me with reference of act and rules of CST.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 23 March 2013
The Basic Central Sales Tax Rate as applicable to the Interstate transactions made by the Registered Dealers is 2%. The interstate transactions are charged at this rate, if the purchasing dealer issues the Statutory Form – Form C to the selling dealer. The selling dealer submits this Form C with his sales tax authorities for payment of 2% and the forms are supplied by the Department on an application by the Registered dealers. Also the interstate sales are exempted from CST, if such sales are made to specified persons or organisations, on submission of Forms like Form H, I, J etc,
V.Devananda Narasimham (Advocate) 23 March 2013
The sale value shown in the invoice shall be considered in order to issue C form and its value. The seller is liable to pay CST against his interstate sale value and collect 2% if supported with C form or otherwise he is liable to pay tax as applicable on those goods under the State Act .
girish nanji shejpal (self practising) 23 March 2013
Dear Sir,
Net Amount of Bill Value is Consider & if Goods were purchase From Interstate Total Amount of all Invoices is Consider for Tax in C Form As said by Sir V. Devananda Narasimham I Agree with them
VARUN MAHAJAN (Proprietor) 25 March 2013
Total amount before adding CST amount,
e.g Total 100.00
add CST 2.00
Total 102.00
CST Form will be given for Rs 100/- only
VARUN MAHAJAN (Proprietor) 25 March 2013
Total amount before adding CST amount,
e.g Total 100.00
add CST 2.00
Total 102.00
CST Form will be given for Rs 100/- only
KISAN KUMAR ROUT 26 March 2016
Can anybody suggest me on which value 'C' form should be Issued, If the single bill detail is:
Taxable purchase | 1000 |
Purchase Exempted |
500 |
CST @ 2% on Rs.1000/- | 20 |
freight | 500 |
Total bill amount | 2020 |
On which value "c" form should be issued.....?