Non filing of vat return

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This query is : Resolved

CA Shivam Singh (Querist)

11 July 2013 Dear Sir,
I have not filed Vat return from 2007 onwrds what is the procedure & penalty for this plz tell me.

RENGARAJ R.K

RENGARAJ R.K (Expert)

12 July 2013 Dear Mr Shivam singh,

The answer requires your reply regarding the following:

a) Which state Vat return?
b) What is the turnover involved
c) Is it a nil return?
d) what is the type of the dealer? whether compounding dealer,or regular dealer?
e) The reason for not filing?

CA Shivam Singh

CA Shivam Singh (Querist)

23 July 2013 My state is Uttar pradesh
turnover around 20lakhs
Retail trade in medicines.
I was unaware that i have to file Vat return.

RENGARAJ R.K

RENGARAJ R.K (Expert)

23 July 2013 UP VAT Act 54-(1) The assessing authority, if he is satisfied that any dealer or other person, as the case
may, has committed the wrong described in column 2 of the table below, it may, after such
inquiry, if any, as it may deem necessary and after giving dealer or person reasonable
opportunity of being heard, direct that such dealer or person shall, in addition to the tax, if any,
payable by him, pay by way of penalty, a sum as provided in column 3 against the same serial
no. of the said table:

Table column 3
For a) the penalty is 20% the tax payable
b) Rs.2000/-

Table column 2
The dealer has without reasonable cause failed,-
a) to deposit the tax due for any tax period within the prescribed or extended time;

(b) to submit the tax return for any tax period in the pescribed manner.

I think, the retailers have to submit quarterly return and annual return also. kindly confirm the same with your UP local consultant

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