Revised Return in case original return is late filed

8057 views 5 replies

sanjeev

Manager- Accounts/Tax/Finance

229 Points Joined September 2007

Dear Members,

Please help me regarding the following problem relating to vat as soon as possible:

Can i revise my Vat Return even if the origingal vat return is filed late under Delhi vat ACT???

Because in income tax act we can't revise our ITR if the original one is not filed in time.

But nothing like this is mentioned in DVAT ACT.

So please guide me about this.

Please reply ASAP

With Regards,

Sanjeev Gandhi

Replies (5)

srinivasulu

Accountant

63 Points Joined May 2008

In Vat act u can file the revised return, even we filed original one late

biren thakkar

accounts manager

231 Points Joined February 2008

Yes, You can file the revised return as many times, but care must betaken as how many time we had filed the return revised & proper records should be maintained.

Doesnot matter original one is late , the revised return should be filed within 30 days on detecting the defect of the original return which already filed. for late filing of original return the penalty is Rs.100/- per day .

Guest

440205 Points Joined August 2012

is there any penalty or fee for filing of revised return

rahul

CHARTERED ACCOUNTANTS

22 Points Joined August 2008

Originally posted by :sanjeev

Dear Members,
Please help me regarding the following problem relating to vat as soon as possible:
Can i revise my Vat Return even if the origingal vat return is filed late under Delhi vat ACT???
Because in income tax act we can't revise our ITR if the original one is not filed in time.
But nothing like this is mentioned in DVAT ACT.
So please guide me about this.
Please reply ASAP
With Regards,
Sanjeev Gandhi
CA

I filed my original vat return before the due date. However, i want to revise my return since there is some clerical mistake. Pls advise me that is there any penalty or fee for revised sales tax return? also, is there any dependency of penalty on timing of filling of revised return?

Presume in above question if there is any false or deceptive mistake instead of clerical mistake, what would be the consequences ?

Pls reply me as soon as possible.