if sale made against C form but party could not give C form on time so what penalty rate will be charge while tax submitted to government . when need to tax submitted to government
jitender kumar (Accountant) (51 Points)
22 February 2011if sale made against C form but party could not give C form on time so what penalty rate will be charge while tax submitted to government . when need to tax submitted to government
Vikash Kumar
(Manager Accounts (CA. Final))
(694 Points)
Replied 22 February 2011
difference of loacal VAT rate + interest.
vinay sharma
(CA final (Article))
(327 Points)
Replied 23 February 2011
difference of local vat rate and no interest if u provide the dealer registration no.(tin)
Nitin Grover
(CS)
(1228 Points)
Replied 23 February 2011
hi
agree with above said friends. firslty you have to collect remaining Tax from that client and int also if u can recover or u have to pay from sold period
int rate is 1% p.m on tax
Regards
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