panalty against c form no issue

[vikram singh]

Dear expert

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

regard

Vikram

AI Summary

Expert Clarifies Penalties for Missing C Form Under VAT: 15% Interest, 150% Penalty Only if Imposed by VAT Department. An individual inquired about the penalties and interest applicable if a C form is not issued under VAT and CST regulations. An expert responded that generally, a differential tax and 15% annual interest are applicable. The individual further questioned a 150% penalty charged by a party. The expert clarified that if the VAT Department imposes a 150% penalty, the party can charge it from the individual; otherwise, it is not justified.