Mvat cst liability

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Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2014 We have not recd. the C form for the F.Y.2009-2010 of parties amounting to Rs.12,450/-. As the case is pending with the STO I want to know what amt. of Interest to be paid on above amount. How to calculate CST differential liability in above case? Pls. suggest.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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11 March 2014 You have to calculate interst @1.5%/pm,from the month it due to be paid.In many states there is a pwnalty provision of 10% on the tax also. If the difference in payment was 48 months back,then the interest will be 12450x1.5x48/100=8964 plus penalty10% and total additional liability is8964+1245=10209.......mjk

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2014 Thanks Sir, The above case is of MVAT. So pls. let me know what penalty can be imposed by our STO.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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03 August 2024 https://docs.google.com/document/d/1-lFtgEYOdXmw50mkCiQkhtrSBeOS6-N6qf27GB__4Fw/edit?usp=sharing

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