Hey Guys, for condonation of delay do we need to pay the whole amount of dues ( VAT + Penalty + Interest ) in advance before making application for condonation of delay ? If yes can we claim the refund if for URD period Input VAT is allowded as deduction ? I am having Trade Circular dated 18.04.2007. Is there any other circular also regarding same issue ?
3 Replies
CA Pracheta Shirish Deshmukh
(CA)
(204 Points)
Replied 05 June 2015
Dear Vishal,
The Application for the condonation of delay needs to filed before Jt Commr Of Sales Tax along with the Post Registration Returns, challans, Vat and Cst Certificate , vat computation etc. the payment of the net vat payable is optional i.e. voluntarily to the dealer. It will be payable once the admin relief order is accepted.
Sumeet Chhoriya
(Article Assistant)
(22 Points)
Replied 24 December 2016
Dear Sir,
What is the Procedure of Delay condonation under M VAT Act.
Please reference Section if any.
Please answer.
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