Time Limit for submission of Form "F" for Stock Transfer


This query is : Resolved 

(Querist)
15 September 2008 As per circular, the time limit for submission o Form "F" underr CST Act is by end of next quarter. If the dealer fails to submit and also not requested for extension of time limit.
What will be the panalty if any?
Thanks,
Ratan Lal Sharma
Indo Gulf Fertilisers

16 September 2008 According to Rule 14 penalty of Rs 500/- can be levied.If the offence continues penalty,in addition to the above,@ Rs 50/-per day can also be levied.


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