Become a Govt. Certified GST Practitioner. Batch begins 18th Nov. Register Now!

Closing stock not submitted for fy 2011-11

sreenivas (accounts executive) (35 Points)

22 July 2013

Dear Sir,

We have not submitted Closing stock For FY 2011-2012 under DVAT ,we dnt have Closint stock as on 31.03.2012 ,now department has sent penality 10000 .please suggets what i do ,

Reply
Follow
Share

4 Replies

P. Singh (Partner (Legal Matters)) (62 Points)
Replied 22 July 2013

Every registered dealer in delhi is required to fill stock-1. If stock is nil, you must file it nil. Not filing this detail attracts penalty.

Upgrade to CAclubindia Pro. Subscribe Now!

sreenivas (accounts executive) (35 Points)
Replied 23 July 2013

Dear Sir,

Now what i have to do ,please suggest me

Regards

Sreenivas

Piyush Tanwar (Assistant Manager - Accounts) (1432 Points)
Replied 24 July 2013

u have to pay penalty... notice issued under the respective rule and section doesn't contain any objection. so u must have to pay the penalty of Rs. 10000.

P. Singh (Partner (Legal Matters)) (62 Points)
Replied 24 July 2013

Originally posted by : piyush tanwar
	u have to pay penalty... notice issued under the respective rule and section doesn't contain any objection. so u must have to pay the penalty of Rs. 10000.