Belated return can be revised or not under vat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2015 whether belated return can be revised or not and also whether any penalty or fine can be levy for delay filing of return.

Adv. Kiran Marathe

Adv. Kiran Marathe (Expert)
Follow

29 May 2015 BELATED RETURNS CAN BE REVISED IF THE POSITION IS CHANGED.IF YOU HAVE NOT FILED THE ORIGINAL VAT RETURN IN TIME THEN THE PENALTY IS FOR RS 5000/- FOR EACH RETURN .THE RELAXATION IS GIVEN BY DEPARTMENT FOR PENALTY FROM RS 5000/- TO RS 1000/-.I AM NOT SURE ABOUT WHETHER THE SUCH RELAXATION IS OPEN TILL TODAY AS PER MY IMPRESSION AND LOOK OUT SUCH RELAXATION IS GIVEN TILL SEP 14