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February 2014

Audit Report to be filed by developers for F.Y. 2012-13 Trade Circular No. 1T dated 04-01-2014 & 2T dated 07-01-2014

By Tarun Ghia, Pratik Mehta, Brijesh Cholera, Chartered Accountants
Reading Time 1 mins
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Developers other than those opting for Composition Scheme are given one more month after due date to file MVAT audit report in Form 704. Thus, if audit report is filed on or before 15th February, 2014 then penalty u/s. 61 shall not be imposed.

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