Vat audit due date - maharashtra

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Any chances for extension of due date for submission of VAT Audit Report for the year 2010-2011??

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Date is almost extended upto 15 Feb. but we have to wait for circular on 31 Jan.  then only it will be confirmed. Risk ???

What is the risk if it does not get extended?

Penalty of 0.1% of Turnover


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