vat audit

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sumeet agrawal (Querist)
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14 January 2011 client has sold goods for Rs.10200 & purchaser has issued c form only for net amount i.e. sale value. whether rs.200 will be liability

B R Ramesh

B R Ramesh (Expert)
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16 January 2011 Hi

yes,
you need to pay Rs 200/- plus interest calculated from the date of purchase.

Hitender Gaur

Hitender Gaur (Expert)
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17 January 2011 No liability of Tax raised if 'C' form is issued only for Goods amount not included tax amount. No need to pay tax on Rs. 200/- (if it is CST)

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