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Penalty for late filling of vat return

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2014 we are 100% EOU in maharashtra and not liable to pay sales tax hence forgot to file Nil halfyearly return, so what amount of penalty levied on us.
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Amit B

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Amit B (Expert)
12 November 2014 Hi,
Sec 20 of MVAT deals with filling of return.
If person failed to file return then commissioner may impose penalty of Ten thousand.
However if the return is filling before intimation then penalty shall be Five thousand.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2014 but we are not liable for vat audit so our liability is for 5000/- or 2000/-
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Amit B

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Amit B (Expert)
13 November 2014 With Respect to Sec 20 of MVAT 2005,
Penalty will be 5000/-

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