Mvat audit query

Mahavat 443 views 3 replies

Sir,

Is a dealer registered on 20th February 2012 required to MVAT Audit Report of FY 2010 - 11???? where in during the year under consideration the entity was unregistered and all the tax dues of 2010-11 were paid after the dealer was registered i.e. after 20/02/2012

 

Replies (3)

yes...eg builder case

Thanks Sir. What will be the consequence if the same will  be uploaded today?

first see whether you r able to uploaded electronically..

the consequence is that you have to pay interest and penalty..

i guess penalty is something 10% of turnover...visit sales tax office and ask for administrative

relief also according to latest circular you can file returns up to 01/04/14 by just paying 1000/- penalty.


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