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Cst liability an penalty

VAT (Legacy) 525 views 3 replies

Sir/ Madam,

One of our client has not received C form for the F.Y.2008-09 and we have also received VAT Scrutiny notice for the same period. The Officer has advised us to pay interest till date and also 100% penalty. Are we really liable to pay penalty? And if yes why?

Kindly reply to the query asap.

Replies (3)
penalty cannot be paid until and unless order is passed. you should produce require documents before STO.
Originally posted by : GANESHAN
penalty cannot be paid until and unless order is passed. you should produce require documents before STO.

STO has instructed us to pay the penalty u/s.29(c). We are not getting any information related to this section. Kindly help.

But the STO has told us to pay the penalty u/s.29(c). We are not getting any information regarding this section. Kindly help.

Read more at: /forum/cst-liability-an-penalty-240712.asp#.USxdiPL9zFw

 

Section 29(9)(C) : Filing of a return, which is not incomplete and self-consistent

Important characteristics

* This penalty can be imposed on a dealer

* There is no mention about the word 'person'

* Recourse of Rule 20 of the MVAT Rules, 2005, may be taken which defines what is 'complete and self-consistent.

* 'Hearing' is must before imposition of a penalty under this sub-section

* Writing order is must

* This penalty is discretionary in nature

Quantum of penalty

* Rs.1000/- per return

* This penalty is without prejudice to any other penalty, which may be imposed under the Act.

yes


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