Penalty imposed on him or not

This query is : Resolved 

10 November 2012 if a person does not know about changes in VAT & he does not know about changes to filed return quarterly
then there is any penalty imposed on him relating to late submission of his return

if he started new business then what is the penalty amount imposed on him if he filed three quarters return.

10 November 2012 Rs.100 per day from the due date to till the date of filing of return. if the dealer also registered in CST Act than 100 per day for DVAT return as well as CST return (i.e. 200/- per day) subject to a maximum of rs.10000. Apart from this there is no other consequences but keep in mind this penalty only for late return filling not for late payment of tax. u can submit the penalty challan along with return whenever u file it or at that time of Assessment.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries