Penalty for late filling of vat return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 November 2014
we are 100% EOU in maharashtra and not liable to pay sales tax hence forgot to file Nil halfyearly return, so what amount of penalty levied on us.
12 November 2014
Hi,
Sec 20 of MVAT deals with filling of return.
If person failed to file return then commissioner may impose penalty of Ten thousand.
However if the return is filling before intimation then penalty shall be Five thousand.
revert for more details.
Sec 20 of MVAT deals with filling of return.
If person failed to file return then commissioner may impose penalty of Ten thousand.
However if the return is filling before intimation then penalty shall be Five thousand.
revert for more details.
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 November 2014
but we are not liable for vat audit so our liability is for 5000/- or 2000/-
13 November 2014
With Respect to Sec 20 of MVAT 2005,
Penalty will be 5000/-
Revert for more details.
Penalty will be 5000/-
Revert for more details.
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