C form of vat

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CA Vahid Shaikh (Querist)
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28 April 2013
Within what time C form should be issued? What happened if we have purchased the goods against C form and didn't get C form?

GOVIND DNYANOBA CHEWALE

GOVIND DNYANOBA CHEWALE (Expert)
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01 May 2013 Minimum one month from date of application.
If we didn't get C form then your supplier demand Diff tax amount i.e. diff between vat amount and CST amount.
For exp.

You purchase goods Rs.100/-
CST @ 2% i.e. Rs.2/-
Total Rs.102/-

vat rate 12.5% i.e Rs.12.5/-
Diff amount RS.10.5/-
diff amount payable with interest.

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