help me freinds i am in problem.
if any sales tax officer come to the dealer who does not maintain his accounts and dont have records for his annual sales then what are the penalties that he can levy even if the dealer does not have sales tax number.
amit jain
(Chartered Accountant)
(532 Points)
Replied 06 February 2010
penalty will be calculated on the sales figure claculated or assumed by the officer
Jagan Mohan Rao, Nerella
(Retired DCTO)
(49 Points)
Replied 01 May 2010
Hi Arvind,
He will exempted from payment of VAT if Annual Sales amount is less than 5,00,000 Rs with in AP and different States have different Annual slabs
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
