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Showing posts from December, 2015

What is C Form and Use of C Form in CST?

CST stands for Central Sales Tax and it has been introduced in the Constitution of India by the Sixth amendment. The Central Sales Tax (CST) is an indirect tax, which levy on sales of goods on inter-state trade or commerce. According to the Indian constitution, no State can impose sales tax on any sales or purchase of goods that takes place within the state or on import and export of sales. The consumer of the purchased product is responsible for the payment of Central State Tax (CST). The tax is collected by the central government on the taxable total of inter-state sales presented by the registered dealer. The central sale tax rules 1957, prescribed various types of Form for transactions of goods interstate, transfer of goods from one branch to another branch in differ states and many more. The CST avails various forms as C Form , E Form and F Form etc. to avail the exemptions or concessions on the transaction of goods. C-Form C-Form is a Form defined under section 8