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If Sales Made Against form c with Rate2%,
after then we are unable to collect the form c
from party, party is ready to pay debitnote to
us, we also agree for this, what procedure to
follow, how to pay to Vat Department and which
form to be submitted.
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Answer Posted / h.r. sreepada bhagi
You need to pay the differential tax to the government
voluntarily with a covering letter or pay the differential
tax against demand notice issued by the sales tax department
after assessment under the CST Act.
Again it is your company which has to issued the Debit Note
on your customer & your customer has to pay the differential
sales tax to your company. Differential Tax is the rate of
VAT applicable on the products sold in your state in excess
of 2% applicable on sales against C-Form.
| Is This Answer Correct ? | 9 Yes | 4 No |
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