Non receipt of ‘c’ form fy

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2016 Sir

good afternoon

I had a query regarding non receipt of ‘C’ form. We had supplied material to our CST, Registered party against C form in the year 2012-13 till date we have not received the 'C' form from the party, in this case what we should do. Now it seems that the party has no intention to issue C form to us.

1. What type of liability stand if we will not submit the 'C' form ?
2. If we raise debit note to the party what rate interest & penalty should be charged on the tax amount which is due against 'C' form.

thanks
Sushil Tomar

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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17 June 2016 1. You have to pay different tax (Full tax - 2%)
2. You can charge debit note and collect tax from them with interest and pay to the department till date @ 1.5% PM.

Rupesh Jain

Rupesh Jain (Expert)
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17 June 2016 you have to pay the diff of tax and also on time of assessment you have to pay the intt. if you have no sufficient tax bal. with the authority.