Sale Tax for E1/E2 Transaction

[Manojit Barman]

A trader has do  some sale transaction in E1/E2 to a MNC company, Due to default case MNC company has stop their Indian operation and company has closed. Main company has not provide any C form to Trader. So Now what will do the trader. Please give us your valuable suggestion.

 

Regards

AI Summary

Trader Faces Full Tax Liability Due to Missing C Form After Multinational Ceases Indian Operations, Section 10A CST Act A trader engaged in E1/E2 sales to a multinational company faced an issue when the company ceased its Indian operations and did not provide the necessary C Form. Without the C Form, the trader must pay the full tax liability, as initially, a tax benefit was availed. To complete E1/E2 sales, the C Form and E1/E2 forms must be submitted to the sales tax department. In the absence of the C Form, the trader is liable for the full tax rate, interest, and potential penalties under Section 10A of the CST Act, 1956.