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Penalty for late filing of return under mvat act
I am a dealer eligible for for 704. The return for April to June 2015 was not filed by me before the due date, and I wish to file it now. However, while filing the return, it is giving me a choice to choose my fine. The options available are
1)5,000
2)2,000
3)1,000
Which amount is applicable to me? I wish to file the return today, that is 06/08/2015.
Also, please provide reasoning so I can derive answers by myself from now on.
Thanks
Harshavardhan
Replies (1)
hi harsgvardhan,
Penalty for late filing of reunte under mvat act now is Rs. 5000, those diffrent slabs you are mentioning were applicable for earlier years.
hope you got the answer.
Narayan Mohite.
9960945911
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