Jharkhand vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2013
1. What is the penalty or fine amount for the late efiling of Jharkhand VAT return (Monthly & anuual).
2. There is no liability of tax as we already have excess input VAT Credit.
3. What is the last date of efiling of JVAT Returns (Monthly & anuual)
2. There is no liability of tax as we already have excess input VAT Credit.
3. What is the last date of efiling of JVAT Returns (Monthly & anuual)
Pramod Kumar Sinha
(Expert)
01 January 2014
VAT return for the last month should be filed within 25 days.
If a dealer required to file return u/s 29(1) or 29(2) of the JVAT Act' 2005, fails to do so and also fails to pay his tax liability then he will be liable to pay interest @ 1% per month of taxable amount for the default period.
If tax liability is nil then no question about interest but penalty can be imposed Rs 20/- per day for default, subject to a maximum of Rs 5,000/- in a year.
It is to be noted here that the prescribed authority may, after giving the dealer reasonable opportunity of being heard, direct him to pay in addition to the tax and the interest payable by him a penalty, @ 2% per month on the tax.
If a dealer required to file return u/s 29(1) or 29(2) of the JVAT Act' 2005, fails to do so and also fails to pay his tax liability then he will be liable to pay interest @ 1% per month of taxable amount for the default period.
If tax liability is nil then no question about interest but penalty can be imposed Rs 20/- per day for default, subject to a maximum of Rs 5,000/- in a year.
It is to be noted here that the prescribed authority may, after giving the dealer reasonable opportunity of being heard, direct him to pay in addition to the tax and the interest payable by him a penalty, @ 2% per month on the tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
