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Penalty Vat Audit

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(Querist)
27 February 2009 How is the penalty calculated in case of non-filing of Vat Audit report in time??
Pls. reply ASAP
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
27 February 2009 Penalty is 100000 or 0.1% of turnover whichever is less.

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