panalty against c form no issue, VAT + CST

[vikram singh]

Dear expert

                   I want to know the penalty and interest against c form, if not issued.

regard

Vikram

Posts / Replies

[Pradeep Khatri]

Differenctial Tax and Interest at the rate of 15 percent p.a. in general.

[vikram singh]

in a case a party charged 150 percent penalty in this regard. Is it right or not ?

[Pradeep Khatri]

If VAT Department levy 150 percent penalty, then, party can charge it from you, otherwise not.