Hi All,
Please advice,if a person fails to file sale tax return for 2 years then is it possible to file it after 2 years.If yes then how much penalty he needs to pay for the same
Please advice
thanks
Daman
Hi All,
Please advice,if a person fails to file sale tax return for 2 years then is it possible to file it after 2 years.If yes then how much penalty he needs to pay for the same
Please advice
thanks
Daman
Mr Daman,
For such delayed filing of returns, penalty varies under each VAT Act, In Karnataka,it is 10% penalty and interest @ 2%/pm.In each return calculate interest and penalty include it and make payments.......MJK
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
CAclubindia
