08 December 2010
In which state- In Delhi DVAT-20 is Tax Deposit Challan, In DVAT on delay file of return Rs. 100/- per day penalty is payable which is maximum upto Rs. 10,000/- per return.
If you are talking about any other state kindly provide the name of state.
08 December 2010
Under PVAT Act VAT 20 is an annual statement. If its not filed within time penalty of Rs 100 per day may be levied irrespective of the fact whether it was NIL or not unless there is reasonable cause justifying the delay.
CAclubindia
