C form of vat
This query is : Resolved
CA Vahid Shaikh
(Querist)
28 April 2013
Within what time C form should be issued? What happened if we have purchased the goods against C form and didn't get C form?
Within what time C form should be issued? What happened if we have purchased the goods against C form and didn't get C form?
01 May 2013
Minimum one month from date of application.
If we didn't get C form then your supplier demand Diff tax amount i.e. diff between vat amount and CST amount.
For exp.
You purchase goods Rs.100/-
CST @ 2% i.e. Rs.2/-
Total Rs.102/-
vat rate 12.5% i.e Rs.12.5/-
Diff amount RS.10.5/-
diff amount payable with interest.
If we didn't get C form then your supplier demand Diff tax amount i.e. diff between vat amount and CST amount.
For exp.
You purchase goods Rs.100/-
CST @ 2% i.e. Rs.2/-
Total Rs.102/-
vat rate 12.5% i.e Rs.12.5/-
Diff amount RS.10.5/-
diff amount payable with interest.
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