Penalty on short Payment of VAT, Banglore

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Querist : Anonymous (Querist)
21 June 2010 Should penalty be levied on short payment of VAT(Banglore) @ 10% of Tax shortly paid if the VAT return in filed by the dealer?

21 June 2010 Penalty shall be 1% per month on the amount of vat payable and 2500/- penalty per month for nonfilling of vat monthly return.



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