DEAR FRIENDS, NAMASTE ! WE R A REGD PARTNERSHIP FIRM DOING WORKS CONTRACTS BUSINESS. WE DID WORKS FOR Govt.Of India PETROL COMPANY in The State Of KARNATAKA. WE HAVE TAKEN A KVAT REGN IN THE YEAR 2006 AS KVAT TAX COMPOSITION DEALERS FOR CARRYING OUT WORKS CONTRACTS IN KARNATAKA. WE HAVE ORDERED OUR AUDITOR TO FILE THE KVAT RETURNS/NILL RETURNS (as the case maybe) etc., REGULARLY ON OUR BEHALF , BUT HE HAS FILED UPTO “JULY2011” AND SUDDENLY STOPPED FILING OF ALL THE KVAT RETURNS etc. WITHOUT NOTIFYING US. NOW WE WANT TO CLOSE OUR KVAT REGN PERMANENTLY. SO THE ACCT of The Concerned LVO in KARNATAKA TOLD US THAT HE WILL IMPOSE PENALTY @ Rs.100/- PER DAY FOR ‘NON-FILING OF RETURNS’ SINCE AUG2011 TILL THE DATE, AND SHOULD THIS HAPPEN IT WILL COST A FORTUNE FOR ME, AS WE ARE ALREADY IN DEEP TROUBLES. IF WE BOLDLY GO AND ASK THE ACCT TO GIVE A WAIVER OF THE SAID PENALTY AND HELP US, AUTOMATICALLY HE WILL DEMAND FOR HIGHER AMOUNT AS A "FORMALITY/BRIBE" (I AM SORRY IF THIS IS SEEN BY THE ACCT, BUT THIS IS A ROUTINE FACT IN ANY TAX OFFICE UNDER QUIDPROCO BASIS IN INDIA), SO TO MINIMIZE THE FORMALITY DEMAND BY THE ACCT , I WANT TO KNOW THE MAXIMUM & MINIMUM AMOUNT OF PENALTY THAT CAN BE IMPOSED FOR “NON FILERS OF KVAT RETURNS” AND I NEED A "KVAT TAX-RULES TIP" WITH WHICH I CAN COME OUT OF THIS HEAVY PENALTY REGIME PREVAILING IN KVAT OFFICES. HOW CAN I AVOID THIS PUNISHMENT. KINDLY SEND ME AN IMMEDIATE REPLY SIR/s AND SAVE ME FROM THIS TURMOIL,. PLEAAAAASE. THANKS IN ADVANCE .KINDLY SEND YOUR REPLIES TO MY eMAIL ID : kumarcsk_csk @ rediffmail.com -------- CSK
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