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Demand notice u/s 32 of maharashtra vat act 2002

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2012 My Company stop business activity like sales and purchase since 2004 but I fail to inform the authority since then we have not submitted any vat return now for the A.Y. 2011-12 we received 2 Demand Notice u/s 32 form 303 for the period 1/10/2010 to 31/3/2011 payable Rs.84789/- and Period 1/4/2011 to 30/9/2011 payable Rs. 79011/- including interest. In both the Notice they are showing Net turnover of sales Rs. 60000/- and Vat Rate is 12.5%. My Question How I solve the matter and avoid the above liability? also send me draft letter to inform them.
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
29 February 2012 You can now file the return as per actual details. And show it to Dept. then they will drop the proceedings.

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