Failed to issue c form

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raghavendra (Querist)
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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

Sandeep Dharar (Expert)
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19 May 2014 For which state u r asking the query?

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raghavendra

raghavendra (Querist)
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20 May 2014 for the state Karnataka.

Sandeep Dharar

Sandeep Dharar (Expert)
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20 May 2014 Visit the following link:-

http://164.100.80.121/vat1/

raghavendra

raghavendra (Querist)
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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

Sandeep Dharar (Expert)
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20 May 2014 K, in that case u must collect from him with interest.

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raghavendra

raghavendra (Querist)
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20 May 2014 Yes. Exactly that is what I am asking. What is the interest rate in karnataka?

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