Return filing - penalty in case of not filing

[d.v. gupta]

DEAR SIR, IF THERE IS NO SALE/PURCHASE DURING A QTR. ,IS IT MANDATORY TO FILE NIL VAT RETURN UNDER DVAT ACT. WHAT IS THE PENALTY OF NON FILING OF NIL VAT RETURN.

Dear Sir, Refer Section 86(9) of the DVAT Act,2004 for non submission of return Rs. 100/- per day from the day immediately following the due date until the failure is rectified. However, the amount of penalty payable under this sub-section shall not exceed ten thousand rupees. Regards, Pradeep Khatri, Consultant - Indirect Taxation, [email protected]

[harpinder ratra]

DEAR FIENDS

CAN WE WAVIER OFF THE PENALTY ANY CASE PLEASE QUOTE

AI Summary

Penalty for non-submission of VAT return may accrue daily until filing, capped by statutory limit.
Failure to submit VAT returns, including nil-activity periods, attracts a penalty under Section 86(9) of the DVAT Act, 2004: a daily penalty from the day after the due date until rectification, subject to a maximum aggregate cap.