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ABOUT C FORM

Former Member
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SIR,

KINDLY EXPLAIN ME THE PURPOSE OF "C-FORM" & "FORM-16"

IT WILL BE VERY HELPFUL TO ME

THANKU

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
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Form-16-------It is certificate issued to u by government by ur employer stating the detials of salary earned by uand tax deducted on ur behalf and paid to government

Form-C----


is issued by a reg.dealer 0r purchaser to seller od goods in case of CST so as to charge hime sales tax(here it is for inter-state sales)

Raghu

Former Member
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Dear Friend,

If you are asking the Functional aspects....

Form "C"

In the case of Inter state trade or commerce, registered dealer can get goods at concessional rate of CST, if he produces a declaration in Form C to the selling dealer.

The Registered purchasing dealer can get blank form C from the Sales tax authorities of the state in which he is actually registered.

Contents of Form C----


Form C contains particulars like name of issuing state, date of issue, name of purchasing dealer, to whom Form C is issued, his R.C.No., date from which R.C is valid, name and address of the seller with name of the state, details of the goods ordered and obtained. It bears seal of the Sales tax authority issuing the form.

Form C is issued by the purchasing dealer to the selling dealer who shall submit to the sales tax assessing authority.

A single Form C is sufficient to cover all transaction of sale which take place in one financial year between the same two dealers.

1 year ago

Form 16

It is in relation to the HR module What ever Tax and earnings of the employee it gets registered into this form.

The Indian Income Tax department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance.

The government of India imposes an income tax on taxable income of individuals, Hindu Undivided Families (HUFs), companies, firms, co-operative societies and trusts(Identified as body of Individuals and Association of Persons) and any other artificial person. Levy of tax is separate on each of the persons. The levy is governed by the Indian Income Tax Act, 1961.

reward pointd if helpful,

regards,

Amlan Sarkar

Former Member
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Hi,

FORM - C

C-Form is related to sales tax department, when you purchase material from out side the state, you have to issue c-from to get tax benefit.

Declaration in Form C - sales tax on Inter State sale is 3% or sales tax rate for sale within the State whichever is lower, if sale is to registered dealer and the goods are covered in the registration certificate of the purchasing dealer. Otherwise the tax is higher - (4% or tax leviable on sale of goods inside the State, whichever is higher).

Authority to issue blank C form - The blank C form has to be obtained by purchasing dealer from Sales Tax authority in the State in which goods are delivered, which is usually the place where purchasing dealer is registered. However, in case on Inter State sale by transfer of documents, the purchasing dealer may not be registered with the sales tax authorities in the State where the goods are delivered. In such case, he can obtain blank C form from sales tax authority where he is registered.

C Form is mandatory to avail concessional rate - Submission of C form is mandatory and unless C form is submitted, concessional rate of sales tax will not apply.

FORM - 16

FORM 16 is a certificate issued to you by your employer stating the details of the salary you have earned and the tax deducted on your behalf and paid to the government.

If you are an employee of the company (which means you are on the company's payroll), you should receive your Form 16 by April 30 every year.

If you are a consultant or a professional, you should receive Form 16AA, which gives you the details of the professional fees and Tax Deducted at Source thereon.

REWARD POINTS IF HELPFUL

Regards

Sai