Penalty for non submission of c form

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2012 Dear All,
How much , we have to pay to sales tax authority on acct. of Rate difference + Penalty + Interest , when one of our customer not submitted C form in time...

Local VAT rate 4 % & 13.5 %

Regards

S Mullick

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

24 May 2012 As we know C forms are required to be submitted by a seller with the sales tax authorities after obtaining the same from the purchaser of goods if the sale is an interstate sales and CST has been charged at concessional rate of 2% as per the requirement of section 8(4) of CST Act 1956. Sometimes a dealer if has made an interstate sales at concessional rate of CST against C form then afterwards, the purchaser doesnot provide the requisite C form to the seller then in such case difficulties are faced by the seller at the time of finalizing of his assessment proceedings.

The question arises whether in such cases any penalty or interest on the additional tax due can be levied on the seller for non submission of requisite C form?

Dear Anonymous, in this case read below mentioned link of Mr. Bajaj:

https://www.caclubindia.com/articles/levy-of-penalty-or-interest-for-non-submission-of-c-forms-9684.asp

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