I want to know the liability of tax agaisnt 'C' Form if i
am not able to produce the form in front of authority.
Answer Posted / 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 |
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