30 September 2014
What is the penalty for non submission of Form No. 27C as TCS not collected as the buyer purchased the scrap for manufacturing not for trading.
Sir, I Also want to know the due date for submission of Form NO. 27C
01 October 2014
Declaration furnished in form 27C under section 206C(1A) to be delivered to Chief Commissioner or Commissioner u/s 206C(1B) on or before the seventh day of the month next following the month in which declaration is furnished to the seller.
Penalty for failure to submit declaration in form no 27C in due time u/s 272A(2)(j) is Rs 100 for every day during which the faliure continues subject to maximum of amount of Tax Collected.
CAclubindia
