Penalty for late filing of vat, cst and pt

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Anish Jain (Querist)
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06 May 2013 Dear Sir,

Kindly Provide me latest circular of MVAT, CST and PT towards penalty for late filing.
I forgot to file return of MVAT & CST for Mar'13. And PT is pending from Jan'13

kindly advise me how much late fee need to pay before return.

Thanks in Advance.

Anish jain

Pradeep Agarwal

Pradeep Agarwal (Expert)
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06 May 2013 if you are liable for MVAT audit then you have to pay penalty of Rs.5000/- per return for late filing of March 13 returns. If are not liable for MVAT audit then you can file MVAT & CST returns till 30/06/2013 without any penalty

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Anish Jain

Anish Jain (Querist)
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06 May 2013 Dear Pradeep,

Thanks for the inputs.
Could u please share the circuler related to late filing.
And also provide details foe CST and PT.

Pradeep Agarwal

Pradeep Agarwal (Expert)
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06 May 2013 SAME PENALTY FOR BOTH CST & MVAT RETURNS. FOR PT HOW MUCH YOU PAID IN LAST YEAR

Anish Jain

Anish Jain (Querist)
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06 May 2013 Dear Pradeep,

This is the first time we forgot to file return.
Kindly provide circular for all.

Anish Jain

Pradeep Agarwal

Pradeep Agarwal (Expert)
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06 May 2013 The Department of Sales Tax has issued Notification No.VAT.1512/C.R. 65/Taxation-1 dated 4th July, 2012 specifying that the provisions relating to payment of late fee for filing returns beyond due date under Maharashtra VAT Act and Maharashtra Profession Tax Act will be effective from 1st August, 2012.

Vide Maharashtra Act No. VIII of 2012 published on 25th April, 2012, the provisions under Maharashtra VAT Act and Maharashtra Profession Tax Act are amended and accordingly -

Section 6(3) of Maharashtra Profession Tax Act, 1975 was substituted and provided that "Where an employer has failed to file such return within prescribed time, he shall pay, by way of late fee, an amount of rupees one thousand before filing of the said return. ...." in addition to the tax payable.
Section 20(6) of Maharashtra VAT Act, 2002 was added and provided that "Where a person or dealer fails to file return within prescribed time, as provided under this section, then the said person or dealer shall, before filing of the said return, pay, by way of late fee, an amount of rupees five thousand. ...." in addition to the tax payable.
Note that it will be applicable for all the returns pending irrespective of the period for which it relates wef 01/08/2012.

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