May be it is related to money. well it depends upon the time duration from when you don't submitted the dues. well its illegal if you want to avoid to pay this tax.
100 Rs. per day till the contravention is continous
if the dealer also registered in CST Act than 100 per day for DVAT return as well as CST return (i.e. 200/- per day)
there is no other consequences apart from this but keep in mind this penalty only for late return filling not for late payment of tax. u can submit the penalty challan along with return whenever u file it or at that time of Assessment...
Maximum penalty is 10000/- per quarter (individual for VAT & CST Return)
mean to say if the dealer is registered in vat act as well as cst act then the maximum penalty will be 20000/- (i.e. 10000/- for vat return & 10000/- for cst return)
Hi, can anyone tell me , our sales liability deposit time to time but we are not file return on due date, so please advice what penalty or interest in this case.
Hi, we would like to know our dvat tax deposited time to time but we are not efile return on due date, so please advice what penalty or interest in this case.
The billing was raised 14.5% and vat tax paid to the Department. Now party is asking should revise invoice cst 2% and file the revise return to the Department.
Kindly advise me it is possible revise the invoice cst 2% and file the revise return to the Department or Can i get refund balance amt after raised the cst 2% instead of 14.5%.