21 July 2010
We had supplied goods to Pvt Ltd Company at Secunderabad. The Co did not issue us the 'C' Forms till date. Now the Assessment has been completed and are liable to pay the differnce tax Interest & Penalty. Now it appears that the Person absconding. What are the remedial measures?
22 July 2010
Dear Sir, thanks for the reply & Suggestion. Further today I have learnt that the Dealer has cancelled his registration with VAT. What is future course of action?? Further the Officer has accepted the Form F which is filed by over sight and the same is brouht to the notice of the Officer ,but the Officer has dissallowed the Input Tax Credit U/s 17 of the Karnataka VAT Act treating the transactions as branch transfer based on the Form F filed by us.
Now my question is why at all we should pay the difference in tax for non submission of 'C' Forms?
CAclubindia
