Penalty for non issue of c form

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2016 Is there any Penalty for non issue of C-Form? How should it be dealt with? Please guide!!

07 April 2016 Party will charge difference tax by giving you debit note.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2016 Is there any interest or penalty on it other than the differencial amt?


07 April 2016 Yes, When party will assessed by VAT Dept. they will calculate interest on difference amount upto the assessment which party will debited you account. I don't think penalty will track due to non issuance of C Form. Party will managed it.

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Querist : Anonymous

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07 April 2016 How much Interest (I mean Percentage) will be charged?

07 April 2016 I think its near around 1.5% PM.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2016 Thanks a lot for the valuable information!!!

07 April 2016 Welcome Dear....!!!




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