NON SUBMISSION OF CST FORM

[Guest]

What is the interest rate for non submission of CST form in Westbengal VAT

[YAGAY andSUN]

Dear Ranjit,

According to the Section 33 (1) of the WBVAT Act, it is 12% p.a. Please also cross check from the VAT Department.

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

AI Summary

Interest for non-submission of CST form accrues under VAT law; statutory rate applies, verify with tax department. Interest for non-submission of the Central Sales Tax form arises under Section 33(1) of the West Bengal VAT Act which prescribes an annual interest obligation for such non-compliance; taxpayers are advised to verify the applicable rate and procedural application with the tax department.