Dear Sirs,
we sold on CST basis to one of the customers against 2% form C. now they informed that they not able to issue the C form otherwise ready to pay the differencial tax thro cheque.
for example
basic value - 20000
2% cst against form C 400
Now how much amount i have to collect the customer.
Please give the solution
thanks & Regards

From India , Pondicherry
First u see what is the item u have sold from vat tax rate point of view.If the item attracts 4% Vat then u have to raise debit not for additional 2%.if the item attracts 12.5% vat then u have to raise debit note for additional 10.5%. The dues has to pay with interest to Govt.
From India , Pune
Dear Mr,
Please note that the difference tax to be collected is the difference between 2% and the VAT rate @ which you sell to local parties. for eg. if you are in gujarat, the vat rate is 5% i.e 4+1 % hence, you have to collect additional 3% from your customer apart from the one already collected. If it is delayed, collect interest also for the period.

From India , Mumbai

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