what is the penalty for late e - registration under mahavat?
CA PANKAJ KOTHARI
(ACA)
(130 Points)
Replied 16 September 2010
AS PER RULE EVERY DEALER HAS TO GET REGISTERED WITHIN 30DAYS FROM DATE OF EXCED OF TURNOVER. IF ANY ONE FAILS THEN HE IS LIABLE TO PAY TAX ON ALL THE SALES AFTER THAT PERIOD + PENALTY + INTEREST
CAclubindia
