1 )can anyone tell me about why govt. issue "C FORM" to the dealer ?
2) what is the benefit of govt. for issuance the c form, In this case only benefit of dealers rather than govt. so why issue govt.?
GOPAL AGARWAL
(CA (FINAL) CS FINAL STUDENT)
(159 Points)
Replied 06 February 2010
hi,
There was mainly no benfit to the govt. but if the party does not issue c form then the govt has the power to charge interest & penalty . interest& penalty will be charged from the date of default until the case is completed.
pls give your suggestion and even make me correct if i was wrong
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