https://www.taxtmi.com/article/detailed?id=1286 Availability of the concessional rate of CST is conditional on furnishing the prescribed declaration Form C; non-filing or defective filing disentitles the seller to the concessional rate and ordinarily results only in taxation at the full rate rather than a penal forfeiture. Whether interest on additional tax is payable when Form C is not subsequently produced depends on whether the seller is held to have defaulted: where returns and payments were made bonafidely and with full particulars, interest has been held not leviable, whereas contrary authorities treat non-furnishing as creating an admitted normal-rate tax liability that can attract interest. en-us Wed, 11 May 2011 07:22:55 +0530 Thu, 12 May 2011 07:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1286 Availability of the concessional rate of CST is conditional on furnishing the prescribed declaration Form C; non-filing or defective filing disentitles the seller to the concessional rate and ordinarily results only in taxation at the full rate rather than a penal forfeiture. Whether interest on additional tax is payable when Form C is not subsequently produced depends on whether the seller is held to have defaulted: where returns and payments were made bonafidely and with full particulars, interest has been held not leviable, whereas contrary authorities treat non-furnishing as creating an admitted normal-rate tax liability that can attract interest. Articles Value Added Tax - VAT and CST Wed, 11 May 2011 07:22:55 +0530 https://www.taxtmi.com/article/detailed?id=1286