Non Submission of Form C

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2011 If Form -c related to sales tax is not submitted by a company which is in liquidation then what is the solution

Plz mail me if any one have the answer at cssonia06@gmail.com

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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21 January 2011 dear madam / sir,

There has been a major change in Central Sales Tax Rules as regards the C-form, vide notification no.588 (E) dated 16.09.2005 and w.e.f. 01.10.2005. As per this rule, the CST declaration form-C have to be issued for every quarter of the financial year, starting from 01.10.2005 (instead of one C-form per financial year). The C-forms for each quarter will have to be collected and given to the sales tax department by the end of the next quarter.

Further, from 2006-2007 onwards, four separate C-forms will be required i.e. one separate C-form to cover transactions (if any) made in each quarter of the financial year. The penalty for non-submission of forms by the prescribed due date has been made stringent. If the C-forms are not sent by the due date, then the concessional rate of CST (2%) is not applicable; the full CST rate will be applicable. CST has to be immediately paid by the dealer to the sales tax department

pls go to the below URL:-

https://www.caclubindia.com/experts/non-submission-of-c-form-296555.asp

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