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.
K Bala Kishan
(Expert)
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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