Demand notice u/s 32 of maharashtra vat act 2002
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2012
My Company stop business activity like sales and purchase since 2004 but I fail to inform the authority since then we have not submitted any vat return now for the A.Y. 2011-12 we received 2 Demand Notice u/s 32 form 303 for the period 1/10/2010 to 31/3/2011 payable Rs.84789/- and Period 1/4/2011 to 30/9/2011 payable Rs. 79011/- including interest. In both the Notice they are showing Net turnover of sales Rs. 60000/- and Vat Rate is 12.5%. My Question How I solve the matter and avoid the above liability? also send me draft letter to inform them.
29 February 2012
You can now file the return as per actual details. And show it to Dept. then they will drop the proceedings.
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