sudhindra
(Querist) 27 March 2014
This query is : Resolved
dear experts one of my friend running petrol bunk. he registered his bunk under Karnataka shop establishment act. but he was forgotten to submit annual return form U in time. Now the inspector asking for a penalty. what can he do? How much penalty may payable? please help
T. Kalaiselvan, Advocate
(Expert) 28 March 2014
Yes, I agree that the penalty will be nominal but additionally under the table penalty will be to a likely sum, better negotiate, settle and relax.
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