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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.

Answers were Sorted based on User's Feedback



I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

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

I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

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

I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

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

I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

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

I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

Answer / sushil

benefit amount need to be paid with simple interest

Is This Answer Correct ?    28 Yes 13 No

I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

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

I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

Answer / sudip nigam

12% per year penalty & local tax

Is This Answer Correct ?    9 Yes 9 No

I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the for..

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

Post New Answer

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