Dear Friends/ Seniors
I need to file a Nil return for one of my client but however it is delayed, my question is will penaly be liable for filing late return.
Kindly guide.
Thanks in Advace
Warm Regards
Ravi Dasija
Ravi Dasija (C.A. ) (273 Points)
11 February 2013Dear Friends/ Seniors
I need to file a Nil return for one of my client but however it is delayed, my question is will penaly be liable for filing late return.
Kindly guide.
Thanks in Advace
Warm Regards
Ravi Dasija
Mr Subrata Dasgupta
(Finance Professional)
(171 Points)
Replied 19 February 2013
Penalty is prescribed in most of the state VAT laws for non-filing / late filing of Returns without sufficient and resonable cause. However, in your case, you may plead for a "token penalty" is you are not able to put your case for waiver of penalty before the authorities.