Dear Sir,
We have not submitted Closing stock For FY 2011-2012 under DVAT ,we dnt have Closint stock as on 31.03.2012 ,now department has sent penality 10000 .please suggets what i do ,
sreenivas (accounts executive) (35 Points)
22 July 2013Dear Sir,
We have not submitted Closing stock For FY 2011-2012 under DVAT ,we dnt have Closint stock as on 31.03.2012 ,now department has sent penality 10000 .please suggets what i do ,
P. Singh
(Partner (Legal Matters))
(62 Points)
Replied 22 July 2013
Every registered dealer in delhi is required to fill stock-1. If stock is nil, you must file it nil. Not filing this detail attracts penalty.
sreenivas
(accounts executive)
(35 Points)
Replied 23 July 2013
Dear Sir,
Now what i have to do ,please suggest me
Regards
Sreenivas
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 24 July 2013
u have to pay penalty... notice issued under the respective rule and section doesn't contain any objection. so u must have to pay the penalty of Rs. 10000.
P. Singh
(Partner (Legal Matters))
(62 Points)
Replied 24 July 2013
| Originally posted by : piyush tanwar | ||
 |
u have to pay penalty... notice issued under the respective rule and section doesn't contain any objection. so u must have to pay the penalty of Rs. 10000. |
 |
Right , you need to pay penalty.
CAclubindia
