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Non filing of 704 form

This query is : Resolved 

If my sales is close to 35 L what is penalty involved

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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