https://www.taxtmi.com/forum/issue?id=106528 Failure to furnish a C form exposes the purchaser to assessment of the differential tax due together with interest at the statutory rate for delayed payment; the VAT authority may additionally impose a penalty which, if levied by the department, is recoverable from the supplier, but absent a formal departmental levy a purchaser cannot unilaterally charge an extra punitive percentage beyond assessed tax and interest. en-us Mon, 17 Feb 2014 11:41:34 +0530 Thu, 23 Jan 2025 15:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106528 Failure to furnish a C form exposes the purchaser to assessment of the differential tax due together with interest at the statutory rate for delayed payment; the VAT authority may additionally impose a penalty which, if levied by the department, is recoverable from the supplier, but absent a formal departmental levy a purchaser cannot unilaterally charge an extra punitive percentage beyond assessed tax and interest. Discussion-Forum VAT / Sales Tax Mon, 17 Feb 2014 11:41:34 +0530 https://www.taxtmi.com/forum/issue?id=106528