25 July 2016
My one of the client is in receipt of Show Cause Notice for levy of penalty u/s 61(2) of MVAT Act for non filing of Form 704- VAT Audit Report for F.Y. 2008-09 dated 11/07/2016 by Asst Commissioner of Sales Tax.
Want to know whether the said notice is valid or time - barred????? Secondly, since this being my new client , I have no idea of data as to whether the audit report was filed or not . As per my knowledge, my client has been regular in filing VAT Audit Reports for every year since commencement of business
25 July 2016
The notice is valid.....In those days, physical submission was required to be done in addition to web submission...If you are sure your client is regular enough in submission....you can ask for the acknowledgement of the same And submit the same in response to the said notice.
CAclubindia
