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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 Posted / 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 |
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