Why do we issue C form?
‘C Form’ comes into picture when interstate trade takes place. The buying dealer from another state issues ‘C Form’ for compliance of ‘CST Rules’ of the state of selling dealer. The buyer can purchase goods at concessional rates, against ‘C Form’, in the inter-state sale.
What if C form is not issued?
1. Section 8 of the CST Act stipulates the rate of tax in case of inter-state sale of goods covered by registration certificate of the purchasing dealer as 2%, subject to furnishing of declaration form by the purchasing dealer to the selling dealer.
What is C form CST?
The prescribed form for claiming concessional rate of CST u/s 8(1) is C form which is obtained by the purchaser from the sales tax autorities in his state and is given to the seller for the goods purchased at concessional rate.
Can we issue C form now?
The Supreme Court has upheld the decision of the Punjab and Haryana High Court that Form ‘C’ should be made available to an assessee even after implementation of the goods and services tax (GST).
Who can issue C form?
C Form is issued by the registered dealer to the registered seller at the time of Interstate purchase. Purchases against C form will attract 2% Central Sales Tax (CST). C from can be issued only for those items/goods which are mentioned in the Registration Certificate.
What is Form C registration?
The submission of C-Forms and maintenance of guest registers stems from the Foreigners Act 1946 and Registration of Foreigners Rules, 1992. The C-Form mechanism helps the authorities locate and track foreigners in India to enhance security and safety.
Who can issue C Form?
Is C Form applicable in GST?
Note: From 1st July 2017, GST has been implemented in India. Under GST, the concept of C Form is not applicable.
Who is liable to pay CST?
Every dealer
Every dealer is liable to pay tax under the Central Sales Tax Act, on all sales of goods (other than Electrical Energy) effected by him in the course of inter-State trade or commerce during the year. The tax is payable if the sale or purchase: Occasions the movement of goods from one State to another, or.
What is C form and why it is required?
C form is a certificate issued by the registered purchaser of the goods of any state to the registered seller of other state. In ‘C’ forms the value of purchases is declared by the purchaser. The lesser amount of Central Sales Tax is charged on central sale if the purchaser issues the ‘C’ form.
How can I get form C?
Go to the website (http://comtax.up.nic.in) and Go To the Dealer’s Login Panel. 2. Once you can login using login credentials you will see the Forms Download Page. Then Click On the Form-C – Form of DECLARATION Link.
How to save CST under CST Act 1956?
Under CST Act 1956 there are lot of Forms and declarations which help in saving CST on the interstate transactions. C form is an important and foremost common among dealers registered under CST Act 1956 engaged in interstate sales or purchases.
Is it mandatory to submit original copy of C form in CST?
However, if CST rules as ammended by states require submission of original copy, then only that copy will have to be submitted. Therefore one need to check the relevant CST state rules if any, ammended to this effect before furnishing the duplicate copy of C form.
What is the CST code for number of transactions?
CST (2003) 131 STC 417 (Del HC DB). Number of Transactions per C forms: One declaration in C form can cover all transactions in one quarter, irrespective of total amount/value of transactions during the quarter. (Quarter means period of three months).
Can a C form be issued for materials used in works contract?
Hence C form can be issued for materials used in works contract, if the goods are included in the registration certificate of the dealer- United Ltd. v. CTO (1991) 83 STC 207 (AP HC)