C Form Correction 15-16
kiran (accountant) (444 Points)
06 January 2023B Ltd issued C form but they by mistake mentioned different invoices of A Ltd in one C Form.
can B Ltd rectify now
what is the impact on A Ltd if not submitted corrected C form
kiran (accountant) (444 Points)
06 January 2023
Aisha
(Finance Professional)
(8099 Points)
Replied 07 January 2023
Yes, it can be rectified by contacting the relevant tax authorities and submitting the revised 'C' form along with the necessary supporting documents.
If B Ltd does not rectify the mistake and submit the corrected 'C' form, it may have an impact on A Ltd. A Ltd may not be able to claim the credit for the tax paid on the inter-state sales, which may result in an increase in its tax liability. It is important for B Ltd to rectify the mistake and submit the corrected 'C' form to avoid any potential issues for A Ltd.