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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Presumptive income under 2025 ACT
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
