Penalty under cst act

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This query is : Resolved

sateesh nadagouda (Querist)

09 May 2012 Penalty has been levied equalant to tax under sec 10(A) of CST Act. The assessee is a newspaper printer and purchased C form for use in printing works.By technical mistake it is printed on the C Form that the dealer has purchased the C form for "RE SALE" instead of "Use in manufacture". The penalty is levied under the ground that C forms have been misused and penalty levied. What is the remedy when we have not misused the C Form. It is only a technical mistake

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)

09 May 2012 If its a technical mistake, then just approach the concerned officer in the Sales Tax Office and explain your case. I'm sure, the officer will definitely accept your plea..

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

09 May 2012 Since penalty is levied, the right course of action is to file appeal before the first appellate authority.

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)

09 May 2012 In case of VAT / CST, there is an option instead of going in for appeal. You can apply for cancellation of order. Appeal will be a time consuming task, when there is an option available.

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