19 July 2010
I filed my original vat return before the due date. However, i want to revise my return since there is some clerical mistake. Pls advise me that is there any penalty or fee for delay in revised VAT return? also, is there any dependency of penalty on timing of filling of revised return? Presume in above question if there is any false or deceptive mistake instead of clerical mistake, what would be the consequences ?
08 August 2010
Revised return can be possible in the both cases,Incase the tax liablity will arise the interest and penalty as per state VAT act leived