Provisions for Penalty in GVAT
This query is : Resolved
Chintan Gajjar
(Querist)
01 December 2007
What are the provisions regarding non filing of VAT Audit Report before stipulated time limits under Gujarat VAT Act.
CA. O.P. Agarwalla
(Expert)
03 December 2007
Gujarat VAT
Section 63 (2) :- If any dealer liable to get his accounts audited under sub-section (1) fails to furnish a true copy of such report within the prescribed time, the Commissioner shall, after giving the dealer a reasonable opportunity of being heard, impose on him, in addition to any tax payable, a sum by way of penalty not exceeding rupees ten thousand, as he may determine.
Date extended
The last date for filing audit report for the year 2006-07 is extended upto 31/12/2007 vide Notification No: (GHN-37) VAR-2007/ (13) dated 28th September, 2007 by inserting proviso to Rule 44(2) of the Gujarat Value Added Tax Rules.
Section 63 (2) :- If any dealer liable to get his accounts audited under sub-section (1) fails to furnish a true copy of such report within the prescribed time, the Commissioner shall, after giving the dealer a reasonable opportunity of being heard, impose on him, in addition to any tax payable, a sum by way of penalty not exceeding rupees ten thousand, as he may determine.
Date extended
The last date for filing audit report for the year 2006-07 is extended upto 31/12/2007 vide Notification No: (GHN-37) VAR-2007/ (13) dated 28th September, 2007 by inserting proviso to Rule 44(2) of the Gujarat Value Added Tax Rules.
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