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About C-Form penalty

This query is : Resolved 
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(Querist)
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.
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CA Komal Puri

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CA Komal Puri (Expert)
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.
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