C Form Correction 15-16

Yes, it can be rectified by contacting the relevant tax authorities and submitting the revised 'C' form along with the necessary supporting documents.

If B Ltd does not rectify the mistake and submit the corrected 'C' form, it may have an impact on A Ltd. A Ltd may not be able to claim the credit for the tax paid on the inter-state sales, which may result in an increase in its tax liability. It is important for B Ltd to rectify the mistake and submit the corrected 'C' form to avoid any potential issues for A Ltd.