If we sold material in 1st Qtr. against C-Form, party issued C-Form in 2nd qtr. (Same financial year)
Is it allowagble? or what liability will arise to us?
Thanks
C-Form
Replies (2)
Not allowable your sales against 'C' form because you have shown sales in 1st qtr so you have to submit c form qtr. wise (i.e. 1st qtr).
C Forms are issued by the dept Qty. Basis...Ex: Apr to June Qty .....C Forms issued in July Month onwards.
If C Form not received U R Liable to pay the normal rate of tax plus interest .....
Thanks
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