What is the rate of CST?
Central Sales Tax Rate
| Local Tax Rate | Central Sales Tax Rate |
|---|---|
| Goods exempt from local tax | Nil |
| 1% | 1% |
| 2% | 2% |
| >2% | 2% (form C required) |
How is the penalty for non submission of C form calculated?
For ex., if the selling dealer has sold IT Products at concessional rate of tax @2% against ‘C’ Forms and could not furnish ‘C’ forms issued by the purchasing dealer, he is required to remit the differential tax of 3%, since rate of VAT applicable on IT Products is 5% in most of the States.
What is Form C & D?
(c) a register showing the details of the amount of bonus due to each of the employees, the deductions under sections 17 and 18 and the amount actually disbursed, in Form C. 2{5. Annual returns. – Every employer shall send a return in Form D to the Inspector.
How can I apply for C form?
Visit the C-Forms page —> Register and give pertinent details —> Submit the registration form online —> Visit the local FRRO Office (or submit the documents via post or courier, depending on your local office’s requirements) with supporting documents to activate registration —> Complete registration.
Is C form required for OCI?
Almost all hotels still complete form C and demand to see passport. OCI should be the only Id they need. Almost all hotels still complete form C and demand to see passport. OCI should be the only Id they need.
Can OCI get Aadhar card?
Aadhaar Card enrollment is presently available to residents in India. OCI Cardholders who stay in India for a long time (over 182 days in twelve months immediately preceding the date of application for enrolment) and have an Indian address can also enroll for Aadhaar Card in India.
Can OCI holder live permanently in India?
OCI cardholders are exempt from registration with the Foreigners Regional Registration Office (FRRO) or Foreigners Registration Office (FRO) for any length of stay in India.
What are the disadvantages of OCI card?
The OCI card benefits refer to the rights you gain, like working, living, and entering India as many times as you want. One of the major drawbacks is that you must surrender your Indian passport as India doesn’t accept dual citizenship. Still, this is a chance for Indians living and working abroad.
Which is better OCI or Visa?
If you require an OCI card for staying in India for under five years, opting for an India visa is an ideal choice. Moreover, in the case of your stay exceeding the 5-year mark, you can always apply for a new visa. And comparatively, the cost of acquiring an Indian online visa is far less than that of an OCI.