Maharashtra Waives Late Fees for MVAT Returns Filed by Jan 31, 2017; Reduced Fees for February Filings.

The Maharashtra State Government has announced a waiver of late fees for dealers who have not filed returns for periods up to March 31, 2016, under the MVAT Act. This exemption is available in two phases: no late fee for returns filed between January 1 and January 31, 2017, and a reduced fee of Rs. 2,000 for returns filed from February 1 to February 28, 2017. After February 28, 2017, full late fees of Rs. 5,000 will apply. This measure aims to clear pending work before the implementation of the Goods and Services Tax (GST).

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