i am asking for maharashtra
is there any provision for revised return
if yes any penalty or interest on difference amount
| Q |
What should I do if I find I have made an error in an earlier return?
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| A |
You will be given an opportunity to submit a revised return for the period in question to correct the error. The conditions for filing a revised return are that: · No notice of assessment has been served on you in respect of that period · You file the revised return within 6 months from the end of the financial year containing that period. Under self-assessment, which is a distinct progressive feature of VAT system, the responsibility for the accuracy of your returns rests with you. If errors are discovered in your returns, you will be liable to pay interest on the tax due and you may be liable for a penalty.
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GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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