CST Act
This query is : Resolved
Manish Aggarwal
(Querist)
15 July 2011
What is Tax liability if 'C' Form received amount is less by 1000/- than actual Central Sale amount. Wheather we have to deposit Additional CST on balance Rs.1000/-with interest or the C form can be rejected by the Assessing Authority and ask for Addl. CST on Total CST Sale with interest
MJ Krishnamurthy
(Expert)
15 July 2011
Mr M Agerwal :
In the 'C' form the invoice #, date and other particulars will be mentioned and,therefore ,the mistake can be ignored or he can accept the form for the amount given in it i.e.less by Rs1000/-.It would not be legal to reject the 'C' form entirely.At the most, you have to pay additional tax on Rs1000/- only.
MJK
In the 'C' form the invoice #, date and other particulars will be mentioned and,therefore ,the mistake can be ignored or he can accept the form for the amount given in it i.e.less by Rs1000/-.It would not be legal to reject the 'C' form entirely.At the most, you have to pay additional tax on Rs1000/- only.
MJK
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