09 November 2013
First of all. availability of concessional rate of CST (i.e. 2%)is dependent on filing of Form C with department.Non filing or filing of defective form will only render the assessee liable to pay at full rate of taxation without any concessional rate benefit. Since filing of Form-C is optional, the lapse, if any cannot be considered to operate as penal clause.Therefore no penalty can be levied on seller for mere non submission of form C.
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