Gujarat VAT & CST

Gujarat VAT Pending Returns – deferment of new penalty provisions

Recently The VAT Department has issued one circular that if any Monthly, Quarterly or Annual Returns are pending since 01.04.2006, and if the dealer submits such pending returns on or before 30.09.2009, the Department will levy penalty as per old Rules i.e. Rs.100/- per month. After 30.09.2009, penalty will be imposed as per the amended Rules, i.e. Rs.100/- per day upto Rs.10,000/- Per each return (as informed in our earlier circular).

Tags: Legal-Updates