Purchase from unregistered dealer, non receipt of c form

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2012 Hello,

I have below querries.

1.In respect of purchases from URD, at what rate the purchaser is required to pay tax?

2.If the seller does not receive C form from the purchaser, what are the consequences and tax liability?

CA. Hari Kishan

CA. Hari Kishan (Expert)
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20 February 2012 Incase of purchase from URD, the tax shall be the local rate of tax applicable on the said goods.

Should you not receive the C form, then the sales shall be charged to tax at regular rate of tax, thereby difference of the local rate minus cst paid shall be liable to be paid along with interest at applicable rates.

G.Ramesh

G.Ramesh (Expert)
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20 February 2012 Agreed with Mr.Hari Kishan, if the seller not received "C" Form and mentioned the tax at the rate of CST Sales against C Form , difference of tax plus interest will be charged and Local tax rate will be applicable

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