Non submission of C forms in Dept

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2009
Can anybody inform me In case of non submission of c forms we need to pay Diff. Tax liability to Department....? If Yes Please forward me the NOTIFICATION Number and Date.

sarvanan_varthala82@yahoo.com

Ram Avtar Singh

Ram Avtar Singh (Expert)
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23 December 2009 There has been a major change in Central Sales Tax Rules as regards the C-form, vide notification no.588 (E) dated 16.09.2005 and w.e.f. 01.10.2005. As per this new rule, the CST declaration form-C will now have to be issued for every quarter of the financial year, starting from 01.10.2005 (instead of one C-form per financial year). The C-forms for each quarter will have to be collected and given to the sales tax department by the end of the next quarter.

Further, from 2006-2007 onwards, four separate C-forms will be required i.e. one separate C-form to cover transactions (if any) made in each quarter of the financial year. The penalty for non-submission of forms by the prescribed due date has been made stringent. If the C-forms are not sent by the due date, then the concessional rate of CST (4%) is not applicable; the full CST rate of 10% is applicable. This difference of 6% CST has to be immediately paid by the dealer to the sales tax department