Telangana vat penality imposed u/s 51(1) tp vat act

V V S S S D Sarma (Querist) 10 January 2020 This query is : Resolved
Dear sir,
We have received email Notices penalty & Interest from CTO Basheer Bagh for 2013-17 to 2015-16 Years. Assessment already done but they sent notice there is in late payment of 157322 for that 10% 15732 imposed. The delay is only 14 days. Can i request the CTO to waive of penalty since the delay is less than 15 days. Please advise

Follow Query

Report Abuse

Quick Summary

A business in Telangana received a notice for VAT penalty and interest due to a 14-day delay in payment for the 2013-17 to 2015-16 assessment years. Although an assessment was already completed, a penalty of 10% was imposed on the late payment amount. The user is asking if they can request the CTO to waive this penalty given the short delay. Advice suggests that a formal request for condoning the delay can be made, as officers often have discretion in such matters, especially for minor delays. It is recommended to consult a local tax lawyer to file a comprehensive reply to the notice, presenting the situation and requesting the waiver.

kavksatyanarayana (Expert) 10 January 2020
to me, You can request the CTO to waive the penalty as the delay is only 14 days.

Dr J C Vashista (Expert) 11 January 2020
Local laws apply.
It is advisable to consult a local prudent lawyer with relevant records for better appreciation of facts/documents, professional advise and necessary proceeding.

Raj Kumar Makkad (Expert) 13 January 2020
Notice is meant for its reply on all the grounds available to you to rebut the claim of the assessing authority. So by engaging the taxation lawyer, file reply of the notice.

krishna mohan (Expert) 16 January 2020
Yes you can do that with a letter of request for condoning delay and officer has discretion to condone. Normally Govt. dept. issues notice based on rules to follow.

T. Kalaiselvan, Advocate (Expert) 16 January 2020
Upon receiving notice, it becomes your duty to give a reply notice to the authorities concerned.
In your reply you can represent your woes and request for waiving off the interest owing to the minimal period of delay in remittance.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries