Recovery of Form's (ST/CST)

[Guest]

We are given to understand that if a customer is not submitting C-form in time, i.e. within 90 days end of previous quarter OR before the Sales Tax Assessment commences, then we must get the balance differential taxable liability recovered from customer. But, when customer is not responding or committing their stand on the long pending c-form submission issue or agree to make payment towards the balance differential tax liability, in that case what do you suggest, how do we resolve it.

Is there a way out just like 'CIBIL' mechanism, wherein a banker after verifying the CIBIL Report the loan is passed to the requestee.

Kindly suggest.

Regards

Sanjay Mukherjee

[Ganeshan Kalyani]

Your query is answered in ID 109500.

AI Summary

C-form non-submission triggers recovery of differential tax liability and prompts consideration of credit-reporting style enforcement mechanisms. Failure by a purchaser to furnish a C-form within the prescribed period creates a recoverable differential taxable liability; the supplier may seek recovery but faces enforcement problems when the customer is non-responsive. The query asks whether credit-reporting-style mechanisms can be used to compel compliance, and the reply refers the matter to a separate knowledge entry (ID 109500).