Interest liability on seller on additional tax arises due to non -submission of FORM-C by purchaser

[umesh kumar]

Please guide me on following issue-

Whether seller is also liable on interest payment on additional tax arises due to non-submission of FORM-C by purchaser.

Thanks

umesh

AI Summary

Seller Liable for Tax Difference and Interest if Purchaser Fails to Submit Form-C; Penalties May Apply A seller inquires about their liability for interest on additional tax due to a purchaser's failure to submit Form-C. One respondent clarifies that the seller must pay the tax difference and interest from the invoice date to payment if Form-C is not submitted. Penalties may also apply if the tax difference is paid post-business audit. Another respondent notes that the seller must declare sales in tax returns and is liable for full tax and interest if Form-C is not provided before assessment, but interest is not due from the invoice date since the demand arises from assessment, not a return.