24 July 2016
Dear all,
Some of our distributors has not submitted their C-Form to us, can any one tell me the rates of penalty which government will charge to our company... Thank u.
29 July 2016
The tax liability will be as follows: Rate which is applicable to the goods(i.e 5% or 12.5%) Less: The Rate charged (2%) In addition interest u/s 30(2) of Maharashtra Value Added Tax Act, 2002 will be applicable which is 1.5% per month.
CAclubindia
