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Non filing of 704 form

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(Querist)
27 July 2019 If my sales is close to 35 L what is penalty involved
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Shrikant Toshniwal

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Shrikant Toshniwal (Expert)
27 July 2019 DEAR FRD , AS PER MVAT NON FILING OF AUDIT REPORT 704 THE PENALTY IN 1/10 OF THE TURNOVER AS UR TURNOVER 35 LAKH IT MEANS 3500 RS PENALTY
GO FOR THE AMNESTY SCHEME U HAVE TO PAY ONLY 10 TO 20% ONLY

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