What is the consequence of non-submission of C-Form when the sale is effected from the state of Gujarat? Option 1- If one has pre-hand information that C-Form will not be available Option 2 - if it is known at the time of sales Tax assessment that C-Form would not be available. Will the Tax be charged at a Flat rate of 10% or the prevailing local VAT rate which is 5% (4%+1%) on that particular item ? If it is known beforehand that C-Form is not going to be made available - whether 5% CST should be charged in the Invoice or 5% (4%+1%) GVAT be charged ?
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Non-Availability of C-Form
Replies (1)
If non submission of C form, the assessment authority has taken the sales as First Sales. Every first sales is have full tax ( @ local tax) of the particular commodity. So the dealer who is not submission of C form is liable to pay full tax and interest for the period since the sales is made.
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