G vat form 403
This query is : Resolved
07 April 2012
If I do not enclosed or found the form 403 while sending the goods can i be penalised for the same by the GVAT Department. what is the effect of the same. and if yes in which section of Gujarat VAT.
26 April 2012
You can be penalised to the extent of Rs.2000 for not sending the form. The check post has often penalised dealers to the extent of 150% of tax amount + 2000 rs.
Legally a penalty of Rs. 2000 is only applicable for not carrying the form in transit.
150% penalty is levied on grounds of suspect of evasion.
Legally a penalty of Rs. 2000 is only applicable for not carrying the form in transit.
150% penalty is levied on grounds of suspect of evasion.
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