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Penalty in case of nil return

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Ravi Dasija

C.A.

221 Points Posted on 11 February 2013

Dear Friends/ Seniors

I need to file a Nil return for one of my client but however it is delayed, my question is will penaly be liable for filing late return.

Kindly guide.

Thanks in Advace

Warm Regards

Ravi Dasija

Replies (1)

Mr Subrata Dasgupta

Finance Professional

170 Points Posted on 19 February 2013

Penalty is prescribed in most of the state VAT laws for non-filing / late filing of Returns without sufficient and resonable cause. However, in your case, you may plead for a "token penalty" is you are not able to put your case for waiver of penalty before the authorities.