Without C Form - Liability in transit sale
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2010
During the thermal insulation material trading, the material delivered to Karnataka state on transit sale. our company charged CST @ 3% in the year of 2007 - 08. In this regard our chennai client failed to submit the Form C. Then what is the liability to us.
02 July 2010
You need to pay difference between normal rate of tax and 3% (Concessional rate) along with interest from the date of invoice to till u make the diffrence amount payment
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