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I want to know the liability of tax agaisnt 'C' Form if i
am not able to produce the form in front of authority.
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Answer / vandana
if we are not able to give C form , then we have to pay
the local tax amount.
For eg : if i m selling a goods to person in delhi and i
have charged cst 2%.but incase he is not bale to give me C
form then he will have to pay tax 4% instead of 2%.
| Is This Answer Correct ? | 44 Yes | 14 No |
Answer / p. navaneetha krishnan
Non submission of Form "C".
Payment need to be made to the extend of amount in Form "C"
(benifited amount need to be paid - which has no
supportings interms of Form "C")
| Is This Answer Correct ? | 37 Yes | 15 No |
Answer / satpal nalavade
Form C is used against interstate sale transaction. C form
against vat nil but cst applicable for 2%. you are not
present c form in sales tax authority you are liable to
related product vat rate liability paid to central govement
as like your product is 4% vat rate in your state but you
are sale against form c cst 2% but C form not received so
you are laible to remaining vat liabilites for 4-2=2% cst
with interest & penalty)
| Is This Answer Correct ? | 29 Yes | 8 No |
Answer / satpal nalavade
Suppose you are not present C form within the assessing
period you are liable to pay the cst for local tax rate of
related commodity. like you are sale to plastic ghamela
against cst 2% but c form not present so you can pay your
state local vat rate against cst. your state vat rate of
ghamela 12.5% so you are pay 12.5 less cst all ready paid
2% =10.5% cst with interest 30(2) 30(3) & penalty 29(3).
| Is This Answer Correct ? | 27 Yes | 9 No |
Answer / sushil
benefit amount need to be paid with simple interest
| Is This Answer Correct ? | 28 Yes | 13 No |
Answer / sheshrao s dandge
suppose you are not able produce form 'C' then you will
have to pay with diff tax with interest & equavelant
penaulty.Suppose cst has paid @02% and vat rate is 12.5%
then have to pay 10.5 i.e diff tax & 100% penaulty with
interest.
| Is This Answer Correct ? | 20 Yes | 11 No |
Answer / ronak p gandhi
I want to know the liability of tax against 'C' Form if
agent sends dummy c form able to produce the form in front
of authority
| Is This Answer Correct ? | 7 Yes | 8 No |
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2 Answers Genpact, Rising Agriland,
Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P
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