IF WE MAKE A CST SALES AGAINST C FORM @ 2% AND PARTY NOT PROVIDED CFORM YO US THEN WHAT IS OUR LIABILITY?
2 Replies
raja
(Sr. Excecutive Commercial)
(32 Points)
Replied 12 June 2010
you have to pay full rate of tax (if possible raise a credit note for the diffrential tax from the buyer)
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 12 June 2010
Dear Abishek
It is depends on local VAT rate. If it is 12.5 % then you have to pay 12.5 % If it is 4% then you have to pay 4%
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