fahimul Hasan (Accountant) (39 Points)
14 January 2015Sir,
if any register company purchased goods Rs 3 Lakh from interstate party without road permit issued, is there any penalty raised at the time of assessment.
Please reply
sesha
(accounts executive)
(1101 Points)
Replied 03 March 2015
it is mandatory company should have road permit papers while making intersalespurchases, lorry receipt ,deliverychallan , road permit papers, otherwise it will treated as smuggling goods without any road permit.during sales tax assessent sales tax officer will issue interest & penalty to maximum 30% to 70% as their situations.
CAclubindia
