CST 12.5% for non receipt of 'C" form
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2010
It is compulsory to write Buyer's TIN/Sales Tax No. in Tax Invoice if We have made a tax invoice against sales of Chemicals for out of State @ CST 12.5% (against Non receipt of 'C' form)
Please confirm their is any penalty at Check post.
Please confirm their is any penalty at Check post.
25 March 2010
It is compulsory to mention TIN /Sales Tax registration number on every tax invoice issued. CST @ 12.5% is always without C form with full tax.
If check post holds the above transaction without mentioning TIN number then the penalty levied may be 2 to 3 times of differential tax of 8.5% or 2 to 3 times on tax amount.
If check post holds the above transaction without mentioning TIN number then the penalty levied may be 2 to 3 times of differential tax of 8.5% or 2 to 3 times on tax amount.
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