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.

[Guest]

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.