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Non filing of vat audit

This query is : Resolved 

17 June 2013 NOn filing of vat audit under mahavat is it punisable .anf if it will carry penalty than how much highest panelty will be imposed for non filing.

23 June 2013 Yes. Fails to file the VAT audit report attracts Penalty Rs.5000 plus Rs.50 per day in Karnataka

23 June 2013 In Maharastra 0.1% on sales is penalty




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