about sales tax

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if filling is late in sales tax what is the penality

AI Summary

Penalties for Late Sales Tax Returns: Section 50 APVAT Act imposes fines on VAT dealers for missed deadlines. A user inquired about the penalties for late filing of sales tax returns. A consultant responded, explaining that under Section 50 of the APVAT Act, a VAT dealer who fails to file a return with no tax due by the deadline incurs a penalty of 2,500. Dealers registered under Section 17(7) face a 500 penalty for the same infraction. If a return is filed late, a penalty of 15% of the tax due is imposed, with the dealer given an opportunity to be heard before the penalty is levied.