Penality in case of late deposit of vat with interest
This query is : Resolved
imandar khan
(Querist)
12 December 2012
Dear All,
We have deposited up vat one day delay( without any holiday) with interest as 1.25% per month along with challan of vat.But department levied penality @ 20% of vat at the time of assessment of vat.
Please suggest me that department is correct or not.
We have deposited up vat one day delay( without any holiday) with interest as 1.25% per month along with challan of vat.But department levied penality @ 20% of vat at the time of assessment of vat.
Please suggest me that department is correct or not.
kaushal garg
(Expert)
13 December 2012
बिभाग करदाता के ऊपर दंड आरोपित कर सकता है क्यूँकि आपने कर जमा करने में विलम्ब किया है लेकिन दंड आरोपित करने से पूर्व बिभाग करदाता को कारण बताओ नोटिस देगा कि क्यों न आप के ऊपर दंड लगाया जाये जिसके उत्तर में आप कारण दे कर करनिर्धारण अधिकारी को संतुष्ट कर दंड न लगाने की विनती कर सकते है.
कौशल गर्ग
9213157055
कौशल गर्ग
9213157055
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