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May 2014

Extension of date for filing Audit Report in Form 704 for 2012-13 by developers

By Tarun Ghia, Pratik Mehta, Brijesh Cholera Chartered Accountants
Reading Time 1 mins
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Trade Circular 9T of 2014 dated 29-03-2014 In case of developers (other than those opting for composition scheme), if Mvat audit report for the period 2012-13 is filed by 10th May, 2014, it is decided administratively not to levy penalty u/s. 61(2) of the MVAT Act.

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