panalty against c form no issue

[Asked by Guest]

Dear expert

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

regard

Vikram

AI Summary

Penalty for non issuance of C Form: differential tax and interest apply; departmental penalty may be recoverable if formally levied.
Failure to furnish a C form exposes the purchaser to assessment of the differential tax due together with interest at the statutory rate for delayed payment; the VAT authority may additionally impose a penalty which, if levied by the department, is recoverable from the supplier, but absent a formal departmental levy a purchaser cannot unilaterally charge an extra punitive percentage beyond assessed tax and interest.