24 March 2009
hi to all, During an audit i found that the company is not collecting forms of sales tax like as C/H/F in haryana.Company is listed in stock exchange and have a division in bahalgarh haryana.When i checked the sales ledger of bahalgarh division i found that there is huge sale against C form and company did stock transfer to it's delhi division but company did not collect forms with in year.When i asked them they said that we collect forms when service tax department ask for that even we did not collect forms for FY 2006-07.In my opinion they should collect it with in three months.But i am confuse about haryana sales tax rules is the rules for haryana differ about this. Please guide me about this and also suggest if company have sale of rs 1000000 against C forms then what is the panelty and interest if there is any.
25 March 2009
To Clarify on the subject, the subject statutory forms falls under the purview of sales tax / vat authorities. Service tax has no relevance or requirement on the subject.
The forms are to be collected on quarterly basis, which is correct
The differential tax if forms not produced before assessment / submission to the department will attract the local tax applicable to the goods in the state
Interest is usually 1.5% per month and penalty is discretionary.
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