Sale tax
Deepak (student) (33 Points)
30 January 2016
Can penalty waive under dvat section 86(10)? If you disclosed self vat amount
1 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7488 Points)
Replied 30 January 2016
Footwear priced up to Rs. 500 exempted from VAT.
2. Penalty up to 80 percent to be mitigated for dealer, who voluntarily admits their tax liability.
3. Uniform tax period for all dealers irrespective of their quarterly turnovers.
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