I had a query regarding Non Receipt of "C" form . We had supplied material to our CST , registered Party against "C" form in the year 2009-10. Till date we have not received the "C" form from the party, In this case what we should do. Now it seems that the party has no intention to issue "C" form to us.
1) What type of liability stand if we will not submitt the "C" form ?
2) If we raise debit note to the party what rate of interest & penalty should be charged on the Tax amount which is due against "C" form.
26 May 2012
1) The Govt or VAT office will raise a demand of difference of CST generally it is 6%. 6% so if you have already charged 4% with C Form but the rate for 'without C Form' was 10%. VAT officer may choose to impose liberal fine or penalty.
2) Be practical please when a dealer is not issuing you 'C' form then will he pay you the amount of Debit Note thus raised. If you are sure you can recover the amount then raise the Debit Note for the amount which you will pay to Govt i.e. after your assessment is over.
28 May 2012
Basically our case is from the state of Odisha. And our assessment is not yet completed.In the year 2009-10 CST was 2% and we had supplied the material under concessional rate i.e, 2% against Form "C". As the VAT rate was 4% at that time.Now our assessment is in process. At present if we will not submit the "c" form then we have to pay 2% extra. and what about the penalty and interest. Can you guide me what rate of interest & penalty is applicable .
28 May 2012
The assessing officer will raise demand of difference by 8%. Generally the rate of CST without C Form is 10%. As 2% has already been paid so balance 8% will be demanded.
VAT and CST are two different items. VAT is considered when sale is within state and CST when sales are effect out of State i e Odisha.
29 May 2012
Can you please refer me the section, rule and para in the CST manual, where rate of CST without C form is 10% in the year 2009-10. or in the present financial year.
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