SIR, I HAVE SOLD GOODS FORM FARIDABAD TO MUMBAI ON 2007 AND
PARTY HAS PAID MY INVOICE VALUE AND NOW WE ASK FOR C FORM ,
THEY IGROGE TO PROVIDE C FORM AND SAY WE HAVE PAY YOU YOUR
INVOICE AMOUNT. SO HOW MUCH PANELTY AMOUNT SHOULD SALESTAX
DEPARTMENT WILL CHARGES FROM US IF NOT PROVIDE C FORM. PATY
ALSO SAY TO TEL US PANELY AMOUNT ? THEN THEY CAN GIVE
PANALTY AMOUNT BUT NOT C FORM ? please reply soon
Answer Posted / vipul jatania
THE SALES TAX DEPARTMENT CONSIDER IT AS LOCAL SALE INSTEAD OF CST SALE AND YOU HAVE TO PAY VAT AMOUNT MINUS THE CST AMOUNT WHICH YOU ALREADY CHARGED IN YOUR INVOICE ALONG WITH INTEREST @1% PER MONTH WILL BE CHARGE ON TAX VALUE ONLY.THERE IS NO PENALTY OTHER THAN.
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