Form c received at a later stage

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2015 For the year 2011-2012 form C was not issued by the Registered Dealer and therefore the remaining tax amount had to be paid by the seller. Now in the current year the form C has been received. Is it possible to claim a refund for the tax paid by the seller if the Form C has been recieved in the year 2014-2015.

Abhishek Singh

Abhishek Singh (Expert)
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11 March 2015 It is the liability of the seller even though the C form has not been received in that year but you cant claim the refund. If no tax credit has been taken at that time then you can take the credit of the same in the year 2014-15.