C form
This query is : Resolved
Ankit Khara
(Querist)
04 May 2012
What is the time limit within which the seller can claim from the purchaser the additional tax and the interest for non submission of C form under CST act?
06 May 2012
Better to obtain at the earliest, say at the time of sale itself as refundable deposit as security for form C purchaser can not provide it across sale; Depending upon State Tax administration / rules, C form can be produced upto the time of Assessment proceedings when Seller would become liable to additional tax and interest thereon as per demand notice after Assessment Order is finalised;
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