Non filing return
This query is : Resolved
11 June 2012
we have taken ST no in 2008 and till now our ST liability is nil hence we have not filed ST return but now ST officer has raised notice against non filing return and levied penalty Rs.20,000/-per return
so my query is in 2008-2012 maximum penalty was rs.2000/- so what should be penalty amt per return
is it 2000/- or rs 20000/-
pls advise
thanks
so my query is in 2008-2012 maximum penalty was rs.2000/- so what should be penalty amt per return
is it 2000/- or rs 20000/-
pls advise
thanks
11 June 2012
Penalty of Rs. 20,000/- is in effect from 01.04.2011. However, there is no specific mention by drafting authorities for which tax periods this new maximum penalty cap will be applicable.
Till the same is clarified by way of departmental circulars,officers will demand Rs.20,000/-per return which leads to litigation.
Till the same is clarified by way of departmental circulars,officers will demand Rs.20,000/-per return which leads to litigation.
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