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
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.
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