Form Vat 20

This query is : Resolved

Krishna (Querist)
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07 December 2010 Dear Sir,

I didn't yet filed Form 20 for financial year 2009-10 which was absolutely NIL.

So my question is if i am going to file now is there any penalty for nil return ???

Kindly suggest .....

Thanks,
Krishna

Hitender Gaur

Hitender Gaur (Expert)
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08 December 2010 In which state- In Delhi DVAT-20 is Tax Deposit Challan, In DVAT on delay file of return Rs. 100/- per day penalty is payable which is maximum upto Rs. 10,000/- per return.

If you are talking about any other state kindly provide the name of state.

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Amit Bajaj

Amit Bajaj (Expert)
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08 December 2010 Under PVAT Act VAT 20 is an annual statement. If its not filed within time penalty of Rs 100 per day may be levied irrespective of the fact whether it was NIL or not unless there is reasonable cause justifying the delay.

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