I Paid A Bribe | 1. Transaction takes place CST @2% against form C 2. At later date

Bribe Hotline
8 years ago
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1. Transaction takes place CST @2% against form C 2. At later date

Commercial Tax, Sales Tax, VAT
C Form

Reported on June 28, 2016 from Mumbai , Maharashtra ι Report #109057

1. Transaction takes place CST @2% against form C
2. At later date Buyer fails to submit form C to seller
3. Seller need to pay the differential tax i.e. ST-2%, may be 10% - Its a liability
In this scenario what is the benefit / loss to buyer? He has already availed lower tax but failed to submit form C to seller. Is their any penalty to buyer since he has failed in submitting the form C?

1. Transaction takes place CST @2% against form C 2. At later date

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