non-filing of nil vat return since vat registration

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piyush jindal (Querist)

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.

CA ANKIT GUPTA

CA ANKIT GUPTA (Expert)

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

piyush jindal

piyush jindal (Querist)

02 December 2016 but sir dealer does not make any sale and purchase in that quarter then also penalty provisions are apply..?

CA ANKIT GUPTA

CA ANKIT GUPTA (Expert)

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.

piyush jindal

piyush jindal (Querist)

02 December 2016 ok sir, thank you very much.. how much maximum penalty can be impose..?

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