Regarding c form

Others 614 views 3 replies

CA CS Roshan Begrajka

Chartered Accountants

267 Points Joined June 2012

X (west Bengal registered dealer) sell goods to Y (jharkhand dealer) who had not yet received CST No but applied.

X send goods on applied for basis and charges CST @ 1%

this case is 2 years old.

Y already file VAT return in said quarter including showing details of CST Purchase (CST No. not received in that qtr).

My query is Now the X demand C-form for such period (CST No not received in that period) but Y unable to issue c-form because the dept said you are not registered in said period then how to issue C-form in that period.

Y is ready to pay difference amount for that period (difference between CSt rate and General VAT rate).

is there any interest/penalty imposed by WB Govt or any other procedure.....

If any case study/rules then plzz post link with ur answer.

please help me its urgent..........

Replies (3)

CA CS Roshan Begrajka

Chartered Accountants

267 Points Joined June 2012

u can also mail me on roshanbitu @ gmail.com

C. SANJEEVA RAO

Consultant

30 Points Joined November 2013

In the case of non-issuing C-Form, entails the higher rate of tax or local rate. In your case, the subjected period, the dealer is not registered with the Dept. under CST Act,1956, he has to pay higher rate of tax and cannot get any concessional rate of tax. In case of issuance of C-Form by any means, he is liable to penalty u/s.10A for misuse of C-Forms for the unregistered period. Better, advice him to pay the higher rate of local tax to avoid penal provisions.