non-filing of nil vat return since vat registration
This query is : Open
22 November 2016
penalty for non-filing of nil vat return since tin issued.i.e.16.10.2015
what are the penalties.should i file return or surrender the tin?
Pls Reply.
02 December 2016
Hi Piyush
Penalty for delay in filing VAT return under DVAT Act is Rs.200 per day for VAT registration and Rs.400 per day for VAT + CST registration.
Penalty could be removed/reduced by filing appeal.
Its upto you to surrender the TIN or file the return
Feel free to reach us at ankit@emunshe.com, +91-981985576, www.emunshe.com
Penalty for delay in filing VAT return under DVAT Act is Rs.200 per day for VAT registration and Rs.400 per day for VAT + CST registration.
Penalty could be removed/reduced by filing appeal.
Its upto you to surrender the TIN or file the return
Feel free to reach us at ankit@emunshe.com, +91-981985576, www.emunshe.com
02 December 2016
but sir dealer does not make any sale and purchase in that quarter then also penalty provisions are apply..?
02 December 2016
Yes, Penalty is for delay in filing return and not for any other reason.
Dealer is required to furnish return from the day he opt for registration, it is irrelevant that any sales or purchase have been carried on such period.
Dealer is required to furnish return from the day he opt for registration, it is irrelevant that any sales or purchase have been carried on such period.
02 December 2016
ok sir, thank you very much..
how much maximum penalty can be impose..?
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