SUBHASH SHARMA
(Querist) 05 February 2010
This query is : Resolved
ONE OF MY CLIENT HAS RECD ONE NOTICE U/S 54(1) UP VAT ACT LATE FILING OF VAT RETURN.
HE IS LIABLE TO FILE QTYL RETURN AND HE HAS FILED RETURN
A V Vishal
(Expert) 05 February 2010
S.54 states that in case where is no reasonable justification for delay in filing the returns then the penaly imposed is 20% of tax, if you have a just cause then you need not worry. Try to convince the officer for the delay in filing.
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