07 January 2012
I am in Mumbai i purchased a machinery from Barnglore on 24th Nov, 2007 for Rs. 1072219 inclusive ò CST of Rs. 31229, But I did not issue C form till the date. Now the seller is demanding to pay Rs.116200 including interest and 10% Penalty for late payment to sale tax. Please give me a right solution what should I do? Can I issue C form now?
24 April 2012
If the supplier's assessment order is completed then you dont have any other solution except to pay the difference in tax amount and subsequent penalty...
But if assessment is running then you can give the C-form now also and get relaxed.
CAclubindia
