We are manufacturing PCB Assembly and registered under Excise and Taxation Department Chandigarh.
As you all know that the last date of filing of VAT20 is 20.11.2011 along with C Form.
One of our customer is not issued us the C Form due to non availability of C Form. He has already applied for C Form to the concerned department and send us the copy of application of the same. He will issue us the C Form at an early date..
Please advise whether we have to pay the differential tax or submit the C Form at later stage when we receive.
Company Faces VAT20 Filing Delay Due to Missing C Form; Considers Tax Extension and Debit Note Solution A company manufacturing PCB assemblies is facing an issue with the submission of VAT20 by the deadline of November 20, 2011, due to a customer not providing the necessary C Form. The customer has applied for the C Form but has not yet received it. The company seeks advice on whether to pay the differential tax or wait to submit the C Form later. A respondent suggests requesting an extension from the assessing authority and advises issuing a debit note to the buyer for the tax difference, which can be refunded once the C Form is received. (AI Summary)
TaxTMI 
TaxTMI 
