C form issue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2011
If the client refuses to give C form but he is ready to pay the penalty.Can the penalty amount till date settled now or we have to wait till scrutiny takes place and pay the penalty then?
Also let me know the interest rate for non submission of C form to be debited to the customer in Maharastra
Also let me know the interest rate for non submission of C form to be debited to the customer in Maharastra
U S Sharma
(Expert)
09 August 2011
in case of non submission of C forms, the sales is to be levied at maximum rate applicable as per local vat on the specific commodity.
as the client is ready to pay the diff and interest, you have to issue debit note for diff of tax, alongwith interest applicable and tender the same to VAT department specifying the period of sale,
at the time of assessment the Officer will consider the diff payment and he may weive the interest applicable,
as the client is ready to pay the diff and interest, you have to issue debit note for diff of tax, alongwith interest applicable and tender the same to VAT department specifying the period of sale,
at the time of assessment the Officer will consider the diff payment and he may weive the interest applicable,
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