04 May 2012
What is the time limit within which the seller can claim from the purchaser the additional tax and the interest for non submission of C form under CST act?
06 May 2012
Better to obtain at the earliest, say at the time of sale itself as refundable deposit as security for form C purchaser can not provide it across sale; Depending upon State Tax administration / rules, C form can be produced upto the time of Assessment proceedings when Seller would become liable to additional tax and interest thereon as per demand notice after Assessment Order is finalised;
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