Dear all,
what are the penalties regarding late submission of West Bengal vat audit Form 88 ?
1 Replies
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 01 March 2011
30E. (1) Every registered dealer shall, in the manner as may be prescribed,
submit before the prescribed authority such statements, accounts or declarations
within such time as may be prescribed and shall verify that such statements,
accounts or declarations are true to the best of his knowledge and belief.
[(2) If a registered dealer fails to submit statements, accounts or
declarations referred to in sub-section (1), he shall be liable to pay a penalty not
exceeding five thousand rupees for each default, in the manner as may be
prescribed.]
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