Help Regarding Sales Tax Return


CA. Anshul Bajaj (Taxation Head)     30 September 2010

CA. Anshul Bajaj
Taxation Head 
 1 likes  173 points

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Dear Friends,

 

 

One of my client(Situated In New Delhi) have done a sales in Gujrat...and have charged CST @ 2% without C form..the party has promised ti give C form in one month... Now i want to Know

 

1. Whether we need to revise the return if Our Party does not give us the C Form.

2. My Client has Charged Tax @ 2% on ReTail Invoice...is dere any Problem in the same!

 

 

Thanx in Advance

Gagan Deep Goyal (CA and CS)     03 October 2010

Gagan Deep Goyal
CA and CS 
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We dont have to revise the Return if we dont get the requisite form from the buyer. Howwevr, during the VAT Audit, the auditor is required to give a list of buyer from whom the forms are not received, and consequently, the liability will increase on account of sales to those buyers. Our Sales tax on sales to those buyers will be calculated as if the sales to unregistered dealer and thus will have to pay tax at highest Tax slab which may be 12.5%.


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