Non receipt of c form
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
What is the interest and penalty for non submission of c forms under the CST act.
How we can debit to the customer.
How we can debit to the customer.
U S Sharma
(Expert)
08 August 2011
in absence of C forms from buyer, the sales are considered at full vat rate ( max rate) and liability stands on the date of sale invoice. diff of tax and interest as per state vat rules is payable.
you have to issue debit notes for diff of tax and interest applicable to buyer for non submission of C forms.
you have to issue debit notes for diff of tax and interest applicable to buyer for non submission of C forms.
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