Non filing of 704 form
This query is : Resolved
Nisha Francis
(Querist)
27 July 2019
If my sales is close to 35 L what is penalty involved
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
GO FOR THE AMNESTY SCHEME U HAVE TO PAY ONLY 10 TO 20% ONLY
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