Penalty to to dafaulter to submit form 403

[Salil Patel]

Dear Sir,

Who is liable to to issue form 403. Supplier or Customer.

And if the lorry caught without form 403. What will be the consequences or how it can be corrected ?

AI Summary

Who is Responsible for Issuing Form 403 under VAT and CST? Exploring Supplier vs. Customer Liability and Penalties A discussion in a forum addresses the issue of responsibility for issuing Form 403 under VAT and CST regulations. A participant inquires whether the supplier or customer is liable for issuing the form and seeks guidance on the consequences if a lorry is caught without it. A respondent asks if the query pertains to the Gujarat VAT Act, indicating the importance of jurisdiction in determining the applicable rules and penalties.