Dear Friends,
A person used to file his return annually whereas he was obliged to file it quarterly.
He was doing this for last two years.
Now the penalty notice has come for the above default.
What is the remedy available for us.
SUNIL GARG (CHARTERED ACCOUNTANT) (175 Points)
04 May 2011Dear Friends,
A person used to file his return annually whereas he was obliged to file it quarterly.
He was doing this for last two years.
Now the penalty notice has come for the above default.
What is the remedy available for us.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 04 May 2011
if he has discharged the tax liablity in every month within due dates, and the annual returns are representating the total summery of business required for purpose, then you can pray for personal hearing and submit your intention onf non evasion.
in this case total input credit may get lapsed due to non filing of returns in time.
visit the charge officer and try to submit the returns under his supervision, if needed pay the fines and penalties to save the situation.
Nitin Grover
(CS)
(1228 Points)
Replied 05 May 2011
Dear Sir
the notice has received by the dealer is for panelty on not submitting returns on time.
You can show cause why to file delay to Assessing Officer / Add. Comm of VAT Authority.
Regards