23 July 2011
my company in haryana he purchased goods from punjab agst "c" form. but at the time of filling the return i found that the form 38 (material invard form) is not send agsinst the cst sale but the form "C" is send. my company is liable to a penelty or not what is the procedure to reduced this liability.
24 July 2011
Mr P Son, You have wrongly sent 'C' form along with the return.Go to the department and retrieve the 'C' form,so that you can send it to your supplier.Otherwise,you will have to pay full tax to your supplier of Punjab.Secondly form 38 can be submitted after filing the return also along with a letter.No penalty should be payable. MJK
If you have any Form 38 balance in hand on date which is issued to you before the purchase of said punjab's Dealer, fill it according to the detail of bill and submit it to the department as in Haryana you can submit the form 38 after also, and you can plea that it was carried by the transporter at that time and he sand it to you right now. Other wise a penalty of1 Lac (Max) can attract to you.
CAclubindia
