i hv to pay the vat for the year 2011-12 (maharashtra)
what is the last date for that
what is the last date of summit of sales tax returns
if i hv not paid the vat before the due date then what is the penalty on that
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Sales tax -m vat
Replies (1)
Mr Sumit ,
You have woken up very late.However,last date for filing monthly and quarterly returns is 21 days after the end of the period. In VAT law each month is a seperate period. Now the returns can be filed on-line. Apply to the C-tax dept and get your user name and password.By using these tools you an file returns for all the months/quarters of 2011-12.A penalty of Rs5000/- can be levied by the dept.Interest @ 1.5%(not sure)pm shall be payble on the delayed payments.For non-flling of returns one can be prosecuted also punishable with 6 months SI with fine also.If the department issues a notice on this ommission try to compound it with them with a lesser fine......MJK
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