late Vat filing

Hi Ms. Manjula,

1) The notice should be under Form VAT 110 u/r 40.
2) U/r 39(2) failure to file return before the due date (before end 20 days from end of tax period) will attract penalty and interest.
3) U/s 72 penalty will be Rs.200 p/d plus an amount not less than 10% of tax due as per return but not exceeding 50% thereof.
4) U/s 36 rate of interest is 2%.

Hence, the notice by levying 110% penalty (in your language fine) is not correct.  For interest verify the above with notice.

Bi