Salex tax return not filled

Hi All,

 

Please advice,if a person fails to file sale tax return for 2 years then is it possible to file it after 2 years.If yes then how much penalty he needs to pay for the same

 

Please advice

thanks

Daman

Replies (1)

  Mr Daman,

  For such delayed filing of returns, penalty varies under each VAT Act, In Karnataka,it is 10% penalty and interest @ 2%/pm.In each return calculate interest and penalty include it and make payments.......MJK

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