CST
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2010
In case material has been sold against form C & after a period of one year party has not given form C to the supplier ,& the supplier want to deposit the tax amount ,will there be any interest & penalty to be payable for this ?if yes pl give calculations.
18 August 2010
it is better to receive c form from party.if not possible then penalty equal to double th tax amount&interst is equal to 2%
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