Failed to issue c form
This query is : Resolved
raghavendra
(Querist)
19 May 2014
In 2012, we have made an Interstate sales. they did not give the C form to us till today. Now they do not want to give C form but full 5% Tax with interest. What is the rate of interest?
Sandeep Dharar
(Expert)
19 May 2014
For which state u r asking the query?
Message likes :
1 times
raghavendra
(Querist)
20 May 2014
for the state Karnataka.
Sandeep Dharar
(Expert)
20 May 2014
Visit the following link:-
https://164.100.80.121/vat1/
https://164.100.80.121/vat1/
raghavendra
(Querist)
20 May 2014
What I asked is, What is the interest rate to be collected from the Purchaser. In 2011. we have made an interstate purchase fro Rs.100. He paid a tax Rs.2 @ 2% (CST) and did not submi C form. Now he is ready to pay Rs.5 ( 5% vat on Rs,100)with interest. How much Should we collect from him?
Sandeep Dharar
(Expert)
20 May 2014
K, in that case u must collect from him with interest.
Message likes :
1 times
raghavendra
(Querist)
20 May 2014
Yes. Exactly that is what I am asking. What is the interest rate in karnataka?
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