Penalty for late return filing under the GVAT


The amendment made in penal section for late return filing under the GVAT Act, 2003 w.e.f. 01/08/2009. The penalty is increased Rs. 100 PM to Rs. 10,000 for continue of the period of default.

1.   For 1st week Rs. 100

2.   Next continue default 30 days Rs. 100+Rs.

      3000 (Rs. 100/- per  day)

3.   Next continue default Rs. 3000 PM or

     maximum Rs. 10,000/-.

However, a relaxtion is declared for the return period prior to 31/8/2009. Prior return can file with old penalty provision up to 30/09/2009. After 30/09/2009 penalty will charge according to new penal provision. Please refer a attach circular dated 12/08/2009 for detail application of new penal provision.

Attached File : 12 penal provision under gvat act.pdf downloaded 309 times



Your are not logged in . Please login to post replies

Click here to Login / Register  


Search Forum:


  LAWyersclubindia Menu