Cst interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 September 2015
One of my clients purchased a machinery from a dealer in Gujarat during July 2014 on the condition that C form will issued by my client. My client was not able to produce the C form till date and is also not possible in future. Now the dealer has asked me to pay the difference amount as CST. Is there any interest liability for non submission of C Form? If yes what is the rate of interest.
Vishnu Saboo
(Expert)
15 September 2015
as per your commitment seller has filled his return with charging lower rate, but in absence of C form now assesing officer will charge diffrential tax on him and interest also. he may impose penalty too. and seller is entitled to recover the same from you.
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