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Non filing of vat audit

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17 June 2013 NOn filing of vat audit under mahavat is it punisable .anf if it will carry penalty than how much highest panelty will be imposed for non filing.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 June 2013 Yes. Fails to file the VAT audit report attracts Penalty Rs.5000 plus Rs.50 per day in Karnataka
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 June 2013 In Maharastra 0.1% on sales is penalty




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