PENALTY UNDER ORRISA VAT ACT

[GURUSWAMY KRISHNAMURTHY]

Under orissa value added tax penalty is imposed at Rs.100 per day for non filing of audited accounts by the assessee which i feel is very harsh and needs to be modified is there any case law on this issue which decided against the department

[YAGAY andSUN]

On the website of the Odisha VAT, there is a pop-up message which is enumerating that  "The Commissioner of Commercial Taxes, Odisha is pleased to invite the views on various provisions of OVAT Act / Rules, Tax rates rationalisation from dealers / tax practitioners and others. You can send your views to [email protected] email address."

Now, It is your turn to provide your view on the harsh provisions of penalty under Odisha VAT Act.

AI Summary

Penalty for non-filing of audited accounts under Odisha VAT criticized as harsh, stakeholders invited to submit views. The issue concerns the penalty under the Odisha Value Added Tax that levies a fixed daily monetary sanction for failure to file audited accounts; practitioners deem the provision unduly harsh and seek modification. The tax administration has solicited stakeholder views on OVAT Act provisions, including penalty rules, providing an administrative consultation route for potential reform or clarification of enforcement policy.