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asim jana (accounts head)     27 June 2013

Query on cst

Dear Sir,


We made a central sale of Rs. 102/- in which material value was 100/- and CST 2/-. The Party gives us Form C of Rs. 100/-. at the time of assessment slaes tax authority demanding 2% on the difference amount (102-100).

My question is that does the authority demand excess 2% on Tax amount on which C form not submitted? it is very urgent. Pl. help

Asim Jana



Learning

 2 Replies

S.S. NIGAM (advocate(taxation) )     27 June 2013

dear asim,

pls mention the state , in which you belong.

M.V.GIRI (ADVOCATE & TAX CONSULTANT)     30 June 2013

The authority cannot levy tax on tax as the dealer has submitted the c form for the net sales. Rs.2/- is the cst tax amount. the dealer is to give details of CST turnover and tax separately.


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