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Penalty - nil return

mohit pathak (Learner) (396 Points)

16 January 2012

hi!

HAPPY NEW YEAR....

Is there any penalty under D-VAT Act.. on Late filing of NIL return.

Please provide section, rule, case law, if any...

thank you

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Rakesh Negi (Ecommerce) (147 Points)
Replied 03 February 2013

Originally posted by : mohit pathak
	hi! HAPPY NEW YEAR.... Is there any penalty under D-VAT Act.. on Late filing of NIL return. Please provide section, rule, case law, if any... thank you

HI, I am not aware of penalty but I received a Show Cause Notice against Late Nill Submission issue. My CA filled Nill Return for 3 quarters together and I got this letter. After that My CA was not able to retrive my TIN and it got cancelled. SO my Hard Work got crushed due to that foolish CA and that TIN was active only for 7 months.