Kerala sales tax late filing penalty
This query is : Resolved
11 June 2017
Hi Team,
We are running a pvt ltd company in kerala. Company is inactive for last one year. I did so, in order to close the company through Fast track exit. We submit nil return in sales tax for this period. But due to some issues we could nt file return from 2017 January onwards. How much penalty would have been accumulated by now as per kerala sales tax rule. Is there any way to waive off this penalty as we are an in active company..Thanks in advance...
We are running a pvt ltd company in kerala. Company is inactive for last one year. I did so, in order to close the company through Fast track exit. We submit nil return in sales tax for this period. But due to some issues we could nt file return from 2017 January onwards. How much penalty would have been accumulated by now as per kerala sales tax rule. Is there any way to waive off this penalty as we are an in active company..Thanks in advance...
11 June 2017
Minimum penalty is Rs.1,000 per return. See proviso to section 67(1) of KVAT Act 2003.
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
- Post Office RD Interest
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- TDS ON CASH WITHDRAWALS...
- Eway bill for machinery reparing
- Annual return of gst limit
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
