23 February 2013
My assesee has voluntarily registered under MVAT as a dealer in computer spare parts & electronic appliances. For Oct to Dec 2012 he has not paid MVAT before due date neither he has filed MVAT Return. He is Non audit assesee. My query is 1) Whats due date for non audit assessee for paymnt of MVAT and filing MVAT returns in case of Voluntary registration? 2) Also if the penalty of Rs 5000/- for non filing can be adjusted against the Initial deposit of VAT paid to the dept?
CAclubindia
