Tngst act
This query is : Resolved
04 December 2012
I am old partnership firm closed in FY.2005-2006. Now my sale tax assessing officer open the file now submit Form 17 . I am can not submit form 17 different pay the tax in my sales tax assessing officers. This act TNGST act any detail give me my Mail Id.
Mail ID : smgmohan83@gmail.com
Regards,
Mohan
Mail ID : smgmohan83@gmail.com
Regards,
Mohan
07 December 2012
Dear Mohan,
Under TNGST Act, Form 17 is meant for concessional rate of purchase by parties from the buyer for production/processing/manufacture purpose. It seems you have not received such form 17 from your customers. Now The AO wants to assess the tax for the difference. He is right and you will have to pay the taxes after working out the difference. In turn, you have to debit the parties who have not submitted the Form 17.
Now the form 17 is stopped under VAT.
Under TNGST Act, Form 17 is meant for concessional rate of purchase by parties from the buyer for production/processing/manufacture purpose. It seems you have not received such form 17 from your customers. Now The AO wants to assess the tax for the difference. He is right and you will have to pay the taxes after working out the difference. In turn, you have to debit the parties who have not submitted the Form 17.
Now the form 17 is stopped under VAT.
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