Menu
Cst
I am having some query regarding c form. I know basic about CST but I don't have in depth knowledge. If A of Mumbai sells goods to B of Jaipur then it is considered as inter state sales and CST will be charged @ 2%. A has raised invoice in favour of B and charged 2% CST in invoices. But the main thing I want to know that if A fails to collect C form from B later on then what will be the impact . I have heard many times that CST refund will not process. But I don't know how CST refund occurs .
Replies (2)
If c form is not received from B , then A will pay to Maharastra govt, the difference between local rate on that goods and cst rate
along with interest and penalty if applicable
Recent Topics :
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
Related Topics :
CAclubindia
