non-filing of nil vat return since vat registration
This query is : Open
22 November 2016
penalty for non-filing of nil vat return since tin issued.i.e.16.10.2015
what are the penalties.should i file return or surrender the tin?
Pls Reply.
02 December 2016
Hi Piyush
Penalty for delay in filing VAT return under DVAT Act is Rs.200 per day for VAT registration and Rs.400 per day for VAT + CST registration.
Penalty could be removed/reduced by filing appeal.
Its upto you to surrender the TIN or file the return
Feel free to reach us at ankit@emunshe.com, +91-981985576, www.emunshe.com
Penalty for delay in filing VAT return under DVAT Act is Rs.200 per day for VAT registration and Rs.400 per day for VAT + CST registration.
Penalty could be removed/reduced by filing appeal.
Its upto you to surrender the TIN or file the return
Feel free to reach us at ankit@emunshe.com, +91-981985576, www.emunshe.com
02 December 2016
but sir dealer does not make any sale and purchase in that quarter then also penalty provisions are apply..?
02 December 2016
Yes, Penalty is for delay in filing return and not for any other reason.
Dealer is required to furnish return from the day he opt for registration, it is irrelevant that any sales or purchase have been carried on such period.
Dealer is required to furnish return from the day he opt for registration, it is irrelevant that any sales or purchase have been carried on such period.
02 December 2016
ok sir, thank you very much..
how much maximum penalty can be impose..?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
