Tax not paid-should file return or not ?
This query is : Resolved
18 October 2011
Vat liability of a dealer is rs.25000/- .
but due to cash crunch he want to pay it in next month.
should I file his vat return on/before due date to avoid penalty for not filing of return.
Later on tax can be paid with interest.
Urgently waiting for ur reply.
but due to cash crunch he want to pay it in next month.
should I file his vat return on/before due date to avoid penalty for not filing of return.
Later on tax can be paid with interest.
Urgently waiting for ur reply.
19 October 2011
If you have crash cruch for payment of Vat, then file payable return. Next month when u have cash then pay. If Dept asks interest then pay interest.
If you dont file return u will suffer penalty burdon.
If you dont file return u will suffer penalty burdon.
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