Earlier it was Rs. 2,000 for the first month of default and Rs.500 for each subsequent month of default for all dealers with quarterly tax liability exceeding Rs.10,000 and for small dealers having quarterly tax liability upto Rs.10,000 it was Rs.500 for first month of default and Rs.200 for each subsequent month of default.
But there was a reduction in the late fees in the budget of 2010-11 and before replying above i have also confirmed the same from a sales tax laywer.
My tax liability is Rs. 114734/- for 2nd quarter & I am filing VAT return in August-12, then how much charges is applicable for late filing VAT return??? please help me out
Dear Vinay for the 2nd Quarter return filing Date is extended to 8th August 2012 in West Bengal so if You file Your return before 8th of August there will be no penalty required to be submitted, and if you submit your return after 8th then penalty Rs 1000 for the first month and then Rs 250 for every month till the return is filed
i have taken vat and cst registration in Dec 2011 and since then didnt file any VAT Return and CSt Return.Now will i have to pay any penaly for non filing of these NIL Returns. Isnt for first late VAT return we have ‘one free go’ ? Pls also tell me penalty amount applicable in WEST BENGAL
Sir, i would like to know that is there any late fee for late subbmission for central sales tax return of consecutive last 3 quarters of financial year 2013-14