Itc 04 cant filing
This query is : Resolved
24 January 2018
Dear All,
what is interest or penalty for non filing of ITC 04 with in a due date?.
what is interest or penalty for non filing of ITC 04 with in a due date?.
CA Suresh Jain
(Expert)
24 January 2018
Sec. 124. If any person required to furnish any information or return under section 151,—
(a) without reasonable cause fails to furnish such information or return as may
be required under that section, or
(b) ----------,
he shall be punishable with a fine which may extend to ten thousand rupees and in case of a continuing offence to a further fine which may extend to one hundred rupees for each day after the first day during which the offence continues subject to a maximum limit of twenty five thousand rupees.
(a) without reasonable cause fails to furnish such information or return as may
be required under that section, or
(b) ----------,
he shall be punishable with a fine which may extend to ten thousand rupees and in case of a continuing offence to a further fine which may extend to one hundred rupees for each day after the first day during which the offence continues subject to a maximum limit of twenty five thousand rupees.
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