penalty/interest for non-submission of form 'c'

hello experts,

under punjab vat last date of submitting form c was 30.06.08 for 06-07 fin. yr.   form c received from clients were submitted in time.  now what?  what is the penalty or interest for form c not received from clients apart from balance 6% which is to be deposited?

Replies (7)

yes u have to deposit balance tax due and your sale will be teated like local sales and tax rate applicable less tax deposited will be payable along with the interest. However u can pass on this liability to your customer.

yes.

Originally posted by :Tejinder
" hello experts,
under punjab vat last date of submitting form c was 30.06.08 for 06-07 fin. yr.   form c received from clients were submitted in time.  now what?  what is the penalty or interest for form c not received from clients apart from balance 6% which is to be deposited?
"


 

What is the rate of interest to be paid on balance tax & for what period it is to be calculated for Punjab Vat?

Sir,

Kindly sujesst how much % penalty is charged on non submission of c form.

Or

Our sales from daman to anthour state & we will sale them on excise + against form c, now they don't have c form, then how much % debit note is issued.

Which act for above issue ?

Kindly confirm the same.

If we have not received "C" Forms, at what rate we have to collect the tax amount???

And it is to be calculate from which date??  Date of sale ???

Kindly reply.

To experts,

     I want to know that what is the penalty if company will fail to submit C form and F forms. Company is in Delhi.

Regards, Shraddha

if u not collected c forms from your customer u should pay the difference tax along with interest in Karanataka vat it is 1.25% PM from 01.04.2011 onwards it is 1.5%

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