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VIMAL KUMAR (Querist)

12 May 2012 Dear Sir,

if we not purchase material agst. form c then what will be the rate of tax will be charged by supplier.

if we purchase material agst. form c , after that we are unable to give the c form to the party, then supplier what will be rate of tax charge , is there is any penalty we will be paid in this case.

Vimal Kumar
09357694511

CA Rahul Trada

CA Rahul Trada (Expert)

12 May 2012 In practically C form is against interstate transaction between partied. If it is not against C form then normal tax in a respective state to be charged.

If it is purchase against C form then penalty to be charged on basic value as per the commodity rate of Tax reduced by 2% from that basic rate. For example
Suppose commodity falls 5% category tax rate then penalty to be 3%
and for commodity falls 15% tax rate then to be 13%. And this 3% and 13% to be charged from opposite party which is not charged at the time of sale.

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)

14 May 2012 If goods are not purchased against C Form, then Local Rate in that state is applicable.

If u r unable to provide C Form, then differential Tax ( Local Rate in that state Less CST Allready Paid) is payable by you, no Penalty is There.

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