vat audit
This query is : Resolved
14 January 2011
client has sold goods for Rs.10200 & purchaser has issued c form only for net amount i.e. sale value. whether rs.200 will be liability
16 January 2011
Hi
yes,
you need to pay Rs 200/- plus interest calculated from the date of purchase.
yes,
you need to pay Rs 200/- plus interest calculated from the date of purchase.
17 January 2011
No liability of Tax raised if 'C' form is issued only for Goods amount not included tax amount. No need to pay tax on Rs. 200/- (if it is CST)
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